Decision details
Revenue & Capital Outturn 2019/20
Decision Maker: Cabinet
Decision status: Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
The report presents the revenue and capital
outturn position for 2019/20.
Decision:
RESOLVED (unanimously) that the Cabinet agreed to:
2.1 Note the revenue budget outturn under budget position of £0.12m for 2019/20, after allowing for carry forwards.
2.2 Approve the revenue carry forward proposals listed in the tables in paragraph 3.5.
2.3 Approve that all over budgets are written-off as an exception to the Budget Management Rules for 2019/20.
2.4 Approve the transfer of the net underspend of £0.12m to the Revenue Budget Contingency Reserve.
2.5 Note the revenue virements for 2019/20 reported for information in Appendix 2(i)
2.6 Note the reserve positions and the use of flexible capital receipts shown in paragraphs 3.16-3.18;
2.7 Note the outturn position of the 2019/20 capital programme in paragraph 3.24, and the funding outlined in paragraph 3.26;
2.8 Approve the capital rephasing and write-off of net underspends as listed in Appendix 3. This reflects the outturn spend position on projects against final budgets as detailed in Appendix 4(ii).
Reasons for the decision:
This report provides information about the Council’s financial performance against its revenue and capital budgets in 2019/20.
Alternative options considered:
The option to carry forward over budgeted spend could be considered which would mean that services would have to make up any deficits in 2020/21 with a considerable impact on service delivery especially in light of the financial recovery measures already required in 2020/21 in respect of mitigating the financial impacts of Covid 19.
Report author: Gary Adams
Publication date: 22/07/2020
Date of decision: 22/07/2020
Decided at meeting: 22/07/2020 - Cabinet
Effective from: 30/07/2020
Accompanying Documents:
- Decision E3163 PDF 91 KB
- E3163 Revenue and Capital Outturn Cabinet Report 1920 PDF 280 KB
- E3163z Appendix 1 - Detailed Revenue Budget Outturn PDF 135 KB
- E3163z Appendix 2(i) - Revenue Virements PDF 217 KB
- E3163z Appendix 2(ii) - Revenue Cash Limits PDF 213 KB
- E3163z Appendix 3 - Capital Variances PDF 613 KB
- E3163z Appendix 4(i) - Capital Virements PDF 39 KB
- E3163z Appendix 4(ii) - Capital Cashlimits PDF 599 KB