Cabinet considered a report by the Head of Finance, Governance and Assurance (Section 151 Officer) on the revenue outturn position for Shropshire Council for 2013/14.  The report provided a summary of:

·         The revenue outturn for each service with a commentary on the main variations and an outline of how the position had changed since Period 11.

·         The movements in the Council’s general balance.

·         The Council’s reserves and provisions.

(a)   That it be noted that the outturn for the Revenue Budget for 2013/14 was an underspend of £0.390m, this represented 0.06% of the original gross budget of £639m.

(b)  That it be noted that the level of general balance stood at £14.497m, which was above the anticipated level included within the Financial Strategy.

(c)  That it be noted that the level of school balances stood at £5.855m (2012/13 £4.953m).

(d)  That it be noted that the Outturn for the Housing Revenue Account for 2013/14 was an underspend of £1.426m and the level of the Housing Revenue Account reserve stood at £2.542m (2012/13 £1.041m).