Issue - meetings

Report of the Senior Leadership Team.

Council is recommended to approve the:

1)    Capital carry forwards of £1,120,000 included in Appendix 6 to the report for non-committed schemes in excess of £50,000;

2)    Overall method of financing of the 2019/20 capital expenditure as set out in paragraph 3.4 of the report; and

3)    Capital determinations regarding financing and debt provisions as set out in paragraph 3.5 of the report.

Consideration was given to a report of the Senior Leadership Team, which had been referred to Council by Cabinet.

RESOLVED to approve:

1)    The capital carry forwards of £1,120,000 included in Appendix 6 to the report for non-committed schemes in excess of £50,000; and

2)    The overall method of financing of the 2019-20 capital expenditure as set out in paragraph 3.4 of the report; and

3)    The capital determinations regarding financing and debt provisions as set out in paragraph 3.5 of the report.

Report of the Senior Leadership Team

The Assistant Director of Finance introduced a report, which had been circulated in advance of the meeting, presenting the Budget Outturn and Budget Carry Forwards for 2019-20.

RESOLVED to:

1)    Note the Budget Outturn figures for 2019-20;

2)    Approve the movements in Earmarked Reserves and Provisions as detailed in paragraphs 2.4 and 2.5 of the report;

3)    Note the capital carry forwards approved by the Chief Financial Officer included in Appendix 6 to the report, being amounts not in excess of £50,000 and committed schemes above £50,000; and

4)    Refer to Council for approval:

a)    The capital carry forwards of £1,120,000 included in Appendix 6 to the report for non-committed schemes in excess of £50,000;

b)    The overall method of financing of the 2019-20 capital expenditure as set out in paragraph 3.4 of the report;

c)    The capital determinations regarding financing and debt provisions as set out in paragraph 3.5 of the report.