Decision details

Provisional Revenue and Capital Outturn 2019/20

Decision Maker: Executive Cabinet

Decision status: Recommmend Forward to Council

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

1.         Note the full year forecast position for the 2019/20 revenue budget and capital investment programme.

2.         Note the slippage requests outlined in Appendix 2 of the report to finance expenditure on specific items or projects in 2020/21.

3.         Approval for the contribution of £63k from in-year revenue underspends to the Change Management Reserve to finance one-off redundancy and pension strain costs arising from transformation and shared service strategies.  This will bring the reserve to £250k.

4.         Approval for the contribution of £100k from in-year revenue underspends to fund the revenue implications of future planning appeals. This will bring the reserve to £100k.

5.         Approval for the contribution of £100k from in-year revenue underspends to fund crucial works to the council’s CCTV operations centre.

6.         Approval for the contribution of £203k from in-year revenue underspends to increase the business rates retention reserve.

7.         Note the 2019/20 outturn position on the Council's reserves outlined in Appendix 4.

8.         Note the impact of the final capital expenditure outturn and the re-phasing of capital budgets to 2020/21 and approve the adjustments to the capital programme outlined in paragraph 61.

9.         Request Council approval of the financing of the 2019/20 capital programme to maximise the use of funding resources available to the Council.

Report author: James Thomson

Publication date: 31/07/2020

Date of decision: 30/07/2020

Decided at meeting: 30/07/2020 - Executive Cabinet

Effective from: 08/08/2020

Accompanying Documents: