Agenda item

The Executive received a report seeking authority to carry forward unspent budget from 2015/16 to 2016/17, in line with financial regulations.

The carry forwards fell into 2 brackets:

(i)           Those arising from underspends; and

(ii)          Those arising government grants, where they have been received to late in the year to be spent.

The carry forwards would result in £303,658 being charged against the general fund reserves in 2016/17.

Resolved, that the budget carry forwards for 2016/17, totalling £303,658, as set out at Annexes A and B to the Executive report, be approved.