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.