Decision details

Final Outturn 2018/19

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No


Final budget outturn for previous financial year.


The report presented the outturn revenue position for the General Fund and the Housing

Revenue Account for the 2018/19 financial year.  It also presented the capital outturn for

capital works and how these had been financed, reserve transfers and a treasury

management update.  The Cabinet’s last update in February, based on the third quarter

position, had forecast a General Fund deficit of £104,000. Since then there had been a

slightly improved position through the last quarter, with a final outturn position of

£72,000.  The Portfolio Holder introduced the report and drew attention to the tabled

paper which reported some minor adjustments to the figures. He also thanked the staff

who worked so hard on compiling the reports and his predecessor as Portfolio Holder,

Councillor Shorter.


Both the Portfolio Holder and the Leader drew attention to the creation of an Economic

Risk Fund which had now been significantly increased to £2.7m.  It was considered that

this demonstrated the resilience of the Council’s treasury management arrangements,

which were a vital part of allowing the Authority to be independent of Government Grant

and to be able to continue offering the lowest Council Tax in Kent.






(i) the financial outturn for 2018/19 be noted.


(ii) the Annual Treasury Management position and the strategic treasury

management review, shown at Appendix B to the report, be noted.


(iii) the increase in the Coachworks budget from £850,000 to £950,000 be


Contact: Maria Stevens Email: Tel: 01233 330547.

Publication date: 21/06/2019

Date of decision: 13/06/2019