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Issue - meetings
Revenue and Capital Outturn 2018/19
Meeting: 26/06/2019 - Policy and Resources Committee (Item 30)
30 Revenue and Capital Outturn 2018/19 PDF 65 KB
Additional documents:
- Appendix 1 - BudgetMonitoringReportQ4AppendixPRCommittee, item 30 PDF 383 KB
- Appendix 2 - NNDR Write-offs, item 30 PDF 47 KB View as HTML (30/3) 1 KB
Minutes:
The Director of Finance and Business Improvement presented a report which provided an overview of the revenue and capital budgets and outturn at the end of 2018/19.
The Committee noted that:-
·
The Council’s budget had ended 2018/19 with an
overall positive variance of £154,000 against its revenue
budget.
·
There had been an overall spend of £15.9
million against the planned capital programme during 2018/19
compared with a revised estimate of £23.9
million. Any unspent resources that
would be required in subsequent years would be carried
forward.
·
The balance on the general fund at 31st
March 2019 had increased by £2.5 million which had been
mainly due to additional resources from Business Rates.
·
Collection Rates had been narrowly missed for both
Council Tax and Business Rates.
·
The overall growth in Business Rates measured
against the Council’s baseline was £3.041 million, with
an overall Pooling/Benefit for Maidstone of £3.086 million
achieved.
·
The Council held investments totalling £15.014
million at 31st March 2019.
In
response to questions from Members, the Director of Finance and
Business Services advised that:-
·
The number of write-offs had increased
slightly.
·
The company name would be included for future
write-offs.
·
If Officers found that companies had re-emerged
after going into liquidation, then this would be reported to the
appropriate authorities.
· The Communities, Housing and Environment Committee had fully considered the future provision of CCTV and had recognised the importance of it in preventing crime and disorder.
The Committee asked for their appreciation to be noted for the way the report had been set out.
RESOLVED: That
1)
The revenue position of the Council at the end of
2018/19 as set out within the Revenue and Capital Outturn report at
Appendix 1 be noted.
Voting: For:
Unanimous
2)
The Committee agrees to the earmarking of reserves
as set out in Appendix 1 of the report of the Director of Finance
and Business Improvement.
Voting: For: Unanimous
3)
The outturn and slippage within the capital
programme in 2018/19, as set out in Appendix 1 of the report of the
Director of Finance and Business Improvement be noted.
Voting: For: Unanimous
4)
The performance of the Collection Fund and the level
of balances as at 31st March 2019 be noted.
Voting: For: Unanimous
5)
The performance in relation to the Treasury
Management Strategy
for the year be noted.
Voting: For: Unanimous
6)
The report detailed the performance of Maidstone
Property Holdings Ltd be noted.
Voting: For: Unanimous
7)
The £150,000 of the capital slippage for
Communities, Housing and Environment Committee be allocated for the
upgrade and relocation of CCTV equipment as set out in paragraph
1.5 of the report of the Director of Finance and Business
Improvement.
Voting: For: 14
Against: 1
Councillor Garten asked for his dissent to be noted.
8)
The write-off of non-domestic rates as set out in
Appendix 2 of the report of the Director of Finance and Business
Improvement be approved.
Voting: For: Unanimous