Issue - decisions
Revenue & Capital Outturn 2018/19
10/07/2019 - Revenue and Capital Outturn 2018/19
RESOLVED (unanimously) that the Cabinet agreed to:
2.1 Note the revenue budget outturn over budget position of £0.92m for 2018/19 and the use of Revenue Budget Contingency to fund the overall shortfall;
2.2 Note that no carry forward requests are being put forward for approval;
2.3 Approve that all over budgets are written-off as an exception to the Budget Management Rules for 2018/19.
2.4 Note the revenue virements for 2018/19 reported for information in Appendix 2(i)
2.5 Note the reserve positions and the use of flexible capital receipts shown in paragraphs 3.14-3.16;
2.6 Note the outturn position of the 2018/19 capital programme in paragraph 3.22, and the funding outlined in paragraph 3.24;
2.7 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).