Agenda item

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.