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Decision details

Budget Monitoring Report Final Outturn 2019-20 - JUN20/CAB/04

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

The report provides Cabinet with the outturn position for both the revenue budget and capital programme for 2019/20, subject to any changes required in the finalisation of the Statement of Accounts.

 

The report contains performance information on the payment of creditors and collection performance for debtors, local taxation and benefit overpayments.

Decision:

Cabinet considered the report and RESOLVED to:

 

1.    Note the final outturn position for 2019/20 (subject to finalisation of the statutory Statement of Accounts) of a £0.096m underspend on the Council’s revenue budget;

2.    Note the reserves position outlined in section 6 and Appendix B, which includes a contribution to the capacity building reserve of £0.096m, as a result of underspend in the revenue outturn report details contained in Appendix A to the report;

3.    Note the implications of the COVID-19 pandemic on the Council’s financial position, as outlined within section 5 of the report and Appendix E to the report;

4.    Note the outturn spending of £64.3m in the Council’s capital programme in 2019/20 outlined in section 7 of the report;

5.    Note the performance against the prudential indicators outlined in Appendix C to the report;

6.    Note the performance on the payment of creditors, collection performance for debtors, local taxation and benefit overpayments outlined in Appendix D to the report.

Reasons for the decision:

This monitoring report forms part of the 2019/20 closure of accounts and decision-making framework culminating in the production of the Statement of Accounts and informs Cabinet of the final position.

Alternative options considered:

None required.

Interests and Nature of Interests Declared:

None.

Background Documents:

None.

Publication date: 22/06/2020

Date of decision: 22/06/2020

Decided at meeting: 22/06/2020 - Cabinet

Effective from: 26/06/2020

Accompanying Documents: