Issue - meetings

Cabinet Member: Finance

Forward Plan Ref: 2019/004

Contact: Katy Jurczyszyn, Strategic Finance Manager (Finance, Strategy & Monitoring) Tel: 07584 909518

Report by Director of Finance (CA7).

The report presents the provisional capital outturn for the Council and identifies variations of actual outturn against budgets in 2018/19.  Figures shown in the report reflect those included in the Council’s Statement of Accounts for 2018/19.

Cabinet is RECOMMENDED to note the provisional capital outturn for 2018/19 as set out in the report.

Recommendations agreed.

Cabinet received the report presenting the provisional capital outturn for the Council and identifying variations of actual outturn against budgets in 2018/19.  Figures shown in the report reflect those included in the Council’s Statement of Accounts for 2018/19.

Councillor Glynis Phillips, Shadow Cabinet Member for Finance, highlighted: the Carillion legacy and whether the enormous amount of work was now subsumed into the main programme; whether the salt barns at Drayton and Deddington were necessary; whether as accountable body for the Growth Board there was any financial risk if local plan decisions were challenged and possibly changed.

Councillor David Bartholomew, Cabinet Member for Finance, referring to the last point agreed that there was uncertainty because it was a situation the County Council did not control. As a dual hatter he found it provided useful information. He was able to take soundings at a local level. The situation would be monitored and the County Council was aware of the risks that projects not proceed. Councillor Hudspeth added that financially they were spending money from government. The risk was to the success of the Growth Deal rather than to the County Council as the accountable body.

Councillor Constance spoke on the need for the salt barns.

Councillor Bartholomew introduced the contents of the report and moved the recommendations. Councillor Constance highlighted the increase in the highways budget and flagged up all that had been achieved as a result.

RESOLVED:             to note the provisional capital outturn for 2018/19 as set out in the report.