The report sets out the provisional revenue outturn financial position for 2016/17 (subject to audit) as at the end of March 2017. It sets out spend against the approved budget and it excludes the Housing Revenue Account which is subject to a separate report.

1.         That the provisional revenue outturn position for 2016/17, which is an underspend against budget of £0.052M, 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 4 April 2017.

3.         To note that the budget included £2.1M of contingency costs, which were not used.

4.         That the proposed new earmarked reserves, as listed in Table 2 in the report, be noted.