Issue - decisions
Revenue & Capital Outturn 2019/20
22/07/2020 - Revenue & Capital Outturn 2019/20
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).