Decision - Budget Outturn 2019-20
Decision details
Budget Outturn 2019-20
Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
Decision:
Decision Made (Unanimously):
1.
Cabinet notes, reviews and comments on the contents of this
report.
2. Cabinet approves the following transfers to reserves from the surplus in 2019/20:
a) Transfer £160,000 to the Borough Elections reserve
b) Transfer £173,000 to the Restructure Costs reserve
c) Transfer £270,000 to the ‘Other Reserve’ in relation to unspent grant income
d) Transfer £166,000 to the ‘Other Reserve’ in relation to unspent expenditure budgets and surplus income that are needed in 2020/21
e)
Transfer the remaining surplus of £631,000 to the Business
Rates Retention Scheme
3.
Cabinet approves the re-profiled budgets for the capital programme,
including underspends to be carried forward, as detailed in
Appendix B.
4. Cabinet accepts the recommendations from the Scrutiny Budget and Performance Panel meeting held, Monday 3 August 2020.
Report author: James McNulty
Publication date: 07/08/2020
Date of decision: 05/08/2020
Decided at meeting: 05/08/2020 - Cabinet
Accompanying Documents: