Cabinet considered a report by the Head of Finance, Governance and Assurance on the revenue outturn position for Shropshire Council for 2014/2015.

(a)   That it be noted that the Outturn for the Revenue Budget for 2014/15 was an underspend of £0.300m, which represented 0.05% of the original gross budget of £578m.

(b)   That it be noted that the level of general balance stood at £15.206m, which was above the anticipated level included within the Financial Strategy.

(c)    That it be noted that the Outturn for the Housing Revenue Account for 2014/15 was an underspend of £0.763m and the level of the Housing Revenue Account reserve stood at £3.076m (2013/14 £2.542m).

(d)   That the increase in the level of Earmarked Reserves and Provisions (excluding delegated school balances) of £17.939m in 2014/15 be noted.

(e)   That the level of school balances which stood at £3.957m (2013/14 £5.523m) be noted.