7 Budget Forecast Outturn - 2019/20 Quarter 4 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