To consider the submitted revenue outturn report which provides a summary of the Council’s expenditure for the financial year 2015/16 and any recommendations from the Overview and Scrutiny Board.

Members noted the submitted report in respect of the provisional Revenue Outturn 2015/2016.

The Chief Accountant to present the provisional revenue budget outturn for 2015/2016.

The Mayor (as Executive Lead for Finance) to attend to answer the Board’s questions.

The Board to consider the provisional outturn report and make recommendations as appropriate.

The Board considered the provisional outturn for the 2015/2016 Revenue Budget which included a recommendation that the Council should carry forward a sum of £120,000 as a budget contingency to ensure the success of the Torbay Airshow in June 2016.  Members of the Board questioned whether the need for a contingency was identified prior to 31 March 2016 with the Mayor (as Executive Lead for Finance) confirming that he had not been aware of such a need at that point in time.

As part of the report, the Board considered the debts of over £5000 which had been written off by the Chief Financial Officer during Quarter 4 of the 2015/2016 financial year.

Resolved:  (i)  that the Council be recommended to not approve the carry forward of £120,000 as a budget contingency for the Torbay Airshow and that any losses be shown in the Revenue Budget for 2016/2017; and

(ii)        that, as per the Board’s decision in November 2015, a review of the Council’s debt recovery procedures be added to the Board’s Work Programme to ensure that the Council’s income is maximised.

(Note:  Prior to consideration of that part of Minute 14 relating to the write-off of debt, the press and public were formally excluded from the meeting on the grounds that the item involved the likely disclosure of exempt information as defined in paragraph 1 of Part 1 of Schedule 12A of the Local Government Act 1972 (as amended).)