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Agenda item

Financial Monitoring Report 2017/18 - Provisional Outturn as at 31/03/2018

Joint Report of the Corporate Director of Resources / Treasurer to the Joint Committee and the Corporate Director of Regeneration and Local Services.


The Principal Accountant, Ed Thompson referred Members to the Financial Monitoring Report, with the provisional outturn as at 31 March 2018 (for copy see file of minutes).


The Joint Committee noted that the updated projected revenue outturn was showing a surplus, of £663,073 against a budgeted surplus of £610,165.  It was noted that the major variances were set out within the report.


Members noted that in terms of the capital programme, this was reported as being £76,159 under budget, with the underspends being attributed to a delay in the tarmacking of the roads and car park bays and staff car parking and cremator relining that was not required.  It was noted those outstanding items would be carried forward into the 2018/19 Capital Budget. 


Members noted a projected total reserve of £1,669,414 at the year-end, giving a strong financial position.




That the April 2017 to March 2018 Revenue Spend Financial Monitoring Report and associated Provision Outturn position at 31 March 2018 be noted.


Supporting documents:


Democratic Services
Durham County Council
County Hall
County Durham
03000 269 714