Issue - meetings

Members considered a report setting out the final budget outturn position for revenue and capital in 2018/19, as well as setting out a request to accept a grant and to incur expenditure to be claimed in arrears against the grant.  The points highlighted were:

·         There had been a £664,000 surplus, an increase of £30,000 from the Period 4 report in 2018/19;

·         A grant of £100,000 had been awarded by One Public Estate (OPE) for project work in relation to the stabilisation of RAF Scampton following the closure announcement.  WLDC was acting as the joint accountable body along with Lincolnshire County Council;

·         A charging authority must prepare and publish a report detailing the amount of Community Infrastructure Levy (CIL) was attached at Appendix B.

·         The position on car parking had worsened by £9000 but work was underway to improve this in 2019/20;

·         The volatility reserve was voluntary to show that the authority was acting prudently.  This cash would still be in the Authority’s bank account, but was primarily to protect the revenue account from any variation in the value of market properties..

RESOLVED to:

(1)        accept the out-turn surplus position of £664k.

(2)        approve a contribution of £263k to the Valuation Volatility Reserve as per the Non-Treasury investment strategy.

(3)        approve the remaining £401k be transferred to the General Fund working balance.

(4)        accept the grant awarded by One Public Estate (OPE) of £100k and West Lindsey District Council (WLDC) acting as joint accountable body with Lincolnshire County Council (LCC), agreeing to

incur expenditure to be claimed in arrears against the award.

(5)        note the items contained at Section 4;

a. Section 137 expenditure statement for 2018/19, showing contributions made to certain charitable funds and not for profit bodies providing a public service in the UK.

b. Building Control Account for 2018/19, showing the deficit for the chargeable and non-chargeable work for the year.

(6)        accept the final capital outturn position of £21.079m.

(7)        to note the Revenue Outturn Subjective Analysis

(8)        note the content of the Regulation 62 of the Community Infrastructure Levy (CIL) Regulations 2010 report.