Decision details

To seek the Portfolio Holder’s approval of the associated financial decisions related to the end of year accounting processes.

That the Corporate Finance and Governance Portfolio Holder:

(a)   notes the financial outturn position for 2019/20 as set out in the Officer report and its appendices;

(b)   approves the financing of General Fund capital expenditure for 2019/20 as detailed in Appendix D;

(c)   approves the movement in uncommitted and earmarked General Fund reserves for 2019/20 set out in Appendix E;

(d)   approves the qualifying carry forwards totalling £17.914m (£9.518m Revenue and £8.396m Capital) as set out in Appendix K;

(d)   agrees that all other carry forwards totalling £0.658m requested by services be transferred to the relevant earmarked reserve pending consideration by Cabinet at its July 2020 meeting;

(e)   that subject to the above, approves that the overall General Fund Outturn Variance for the year of £0.862m be transferred to the Revenue Commitments reserve until Cabinet formally considers the allocation of this funding at its July 2020 meeting;

(f)    in respect of the Housing Revenue Account (HRA), approves the movement on HRA balances for 2019/20 including any commitments set out within Appendices H and/or I along with recharges to the HRA from the General Fund of £2.808m for the year and the financing of the HRA capital expenditure set out in Appendix I; and

(g)   authorises the Council’s Section 151 Officer, in consultation with the Corporate Finance and Governance Portfolio Holder, to adjust the outturn position for 2019/20 along with any corresponding adjustment to earmarked reserves as a direct result of any recommendations made by the Council’s External Auditor during the course of their audit activities relating to the Council’s 2019/20 accounts.

To agree the financial outturn position for 2019/20.

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