To report the provisional outturn financial position for 2017/18 as at the end of March 2018 (subject to audit).

1.      That the provisional revenue outturn position for 2017/18, which was an underspend against budget of £0.078M, be noted.

2.      To note that the provisional outturn position and new proposed earmarked reserves were approved by the Leader, Deputy Leader, Chief Executive and Director of Resources under a delegated approval granted by the Executive on 3 April 2018.

3.      That the proposed new earmarked reserves, as set out in Table 2 in the report, be noted.