Issue - meetings

Budget Forecast Outturn - 2019/20 Quarter 4

Meeting: 09/07/2020 - Cabinet (Item 7)

7 Budget Forecast Outturn - 2019/20 Quarter 4 pdf icon PDF 756 KB

To consider the Budget Forecast Outturn 2019/20 Quarter 4 report.

Decision:

RESOLVED to to approve:

 

a) The General Fund, Housing Revenue Account and Capital Programme outturn positions including the updated use of reserves and requested slippage for the Capital Programme

b) The allocation of the underspend/surplus:

i. General Fund underspend to the Medium Term Financial Strategy

Reserve

ii. Housing Revenue surplus to the Development Reserve

Minutes:

Councillor Hargreaves, the Portfolio Holder for Finance, summarised the report on the Budget Outturn for 2019-2020. The report outlined financial performance relating to the General Fund, Housing Revenue Account, Capital Programme, based upon actual expenditure and income for the financial year 2019/20.

 

In response to a question from Councillor Reeve, the Assistant Director Resources said the financial impact of Covid-19 was immaterial to the outturn for Quarter 4 of the previous financial year.

                       

RESOLVED to approve:

 

a) The General Fund, Housing Revenue Account and Capital Programme outturn positions including the updated use of reserves and requested slippage for the Capital Programme

b) The allocation of the underspend/surplus:

i. General Fund underspend to the Medium Term Financial Strategy Reserve

ii. Housing Revenue surplus to the Development Reserve