Decision details

2019-20 Full Year financial Performance

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To provide information on the actual full year financial position of the council as at 31 March 2020.

Decision:

RESOLVED that the report and appendix be noted.

 

CABINET Recommend to FULL COUNCIL:

 

1)     That capital budgets (& associated funding sources) of £2,194,668 be carried forward into 2020-21 to support projects in progress.

 

2)     That the final capital out-turn and funding for 2019-20 as detailed in appendix B be approved.

 

3)       That the revised capital budget and associated funding for the 2020-21 capital programme as detailed in appendix C be approved.

 

4)     That the NNDR Pilot gain is utilised to cover the over spend and that £214,489 is contributed from the Organisational Development Reserve and a further contribution is made from the Revenues and Benefits Reserve to cover the remaining over spend.

 

Reasons for the decision:

To provide timely information to Members on the overall financial position of the Council, enabling resource re-allocation to priorities where necessary and protecting the General fund balance.

 

To enable approved capital projects to continue to deliver in the new financial year.

 

Alternative options considered:

1)     That the report and appendices be noted and recommend to Full Council

·        That capital budgets (& associated funding sources) of £2,194,668 be carried forward into 2020-21 to support projects in progress.

·        That the final capital out-turn and funding for 2019-20 as detailed in appendix B be approved.

·        That the revised capital budget and associated funding for the 2020-21 capital programme as detailed in appendix C be approved.

·        That the NNDR Pilot gain is utilised to cover the over spend and that £214,489 is contributed from the Organisational Development Reserve and a further contribution is made from the Revenues and Benefits Reserve to cover the remaining over spend.

 

2)     That the report and appendices be noted and changes are made to the recommendations to Full Council

Report author: Alison Chubbock

Publication date: 15/07/2020

Date of decision: 13/07/2020

Decided at meeting: 13/07/2020 - Cabinet

Accompanying Documents: