Issue - meetings

Report of the Cabinet Member for Finance and Income Generation seeking approval of the Revenue and Capital Outturn for 2019-20.

Report of the Cabinet Member for Finance and Income Generation seeking approval of the Revenue and Capital Outturn for 2019-20.

RESOLVED:

General Revenue Fund

(i)  That the General Fund outturn for 2019/20 was a balanced position as outlined in paragraph 4 of the report and in paragraph 1 of appendix 1 be noted;

(ii)  That the performance of individual Portfolios in managing their budgets as set out in paragraphs 2 to 4 of appendix 1 and annex 1.1 of the report be noted;

(iii)  That budget carry-forward requests totalling £2.36M as outlined in paragraph 5 of appendix 1 and detailed in annex 1.2 of the report be agreed; and

(iv)  That the performance of the Property Investment Fund (PIF) as detailed in paragraphs 7 to 9 of appendix 1 and annex 1.3 of the report be noted.

Housing Revenue Account

(i)  That the HRA outturn for 2019/20 as outlined in paragraph 6 and paragraphs 18 and 19 of appendix 1 and annex 1.5 of the report be noted.

Capital Programme

(i)  That the actual capital spending in 2019/20 for the General Fund was £56.03M and for the HRA was £41.05M, as outlined in paragraphs 9 and 10 and detailed in paragraphs 2 to 4 of Appendix 2 of the report be noted;

(ii)  That the proposed capital financing in 2019/20 as shown in table 3 of Appendix 2 of the report be approved;

(iii)  That the addition of £0.54M to the Children & Learning programme in 2020/21 as detailed in annex 2.3 of the report be approved; and

(iv)  That the difference to the amended programme, allowing for slippage, re-phasing and amendments as outlined in the report and set out in table 4 of appendix 2 be noted.

Report of the Cabinet Member for Finance and Income Generation on the Revenue and Capital Outturn for 2019-20.

DECISION MADE: (CAB 20/21 29227)

On consideration of the report of the Cabinet Member for Finance and Income Generation, Cabinet agreed the following:-

General Revenue Fund

It is recommended that Cabinet:

(i)  Notes the General Fund outturn for 2019/20 is a balanced position as outlined in paragraph 4 and in paragraph 1 of appendix 1.

(ii)   Notes the performance of individual Portfolios in managing their budgets as set out in paragraphs 2 to 4 of appendix 1 and annex 1.1.

(iii)   Recommends Council to approve the budget carry-forward requests totalling £2.36M as outlined in paragraph 5 of appendix 1 and detailed in annex 1.2.

(iv)   Recommends Council to note the performance of the Property Investment Fund (PIF) as detailed in paragraphs 7 to 9 of appendix 1 and annex 1.3.

(v)   Notes that the level of General Fund balances at 31 March 2020 was £10.07M and the level of earmarked reserves was £87.76M as detailed in paragraph 15 and 16 of appendix 1 and annex 1.4.

(vi)   Notes the accounts for the Collection Fund in 2019/20 detailed in paragraphs 20 to 21 of appendix 1 and annex 1.6.

Housing Revenue Account

It is recommended that Cabinet:

(i)  Notes the HRA outturn for 2019/20 as outlined in paragraph 6 and paragraphs 18 and 19 of appendix 1 and annex 1.5.

Capital Programme

It is recommended that Cabinet:

(i)   Notes the actual capital spending in 2019/20 for the General Fund was £56.03M and for the HRA was £41.05M, as outlined in paragraphs 9 and 10 below and detailed in paragraphs 2 to 4 of Appendix 2.

(ii)   Notes the proposed capital financing in 2019/20 as shown in table 3 of Appendix 2.

(iii)   Notes that £0.09M has been added to the programme with approval to spend, with relevant approvals. These additions are detailed in paragraph 11 of Appendix 2 and Annex 2.2.

(iv)   Notes that £0.54M has been added to the programme which requires approval by full Council. These additions are detailed in paragraph 12 of Appendix 2 and Annex 2.3.

(v)   Notes the difference to the amended programme, allowing for slippage, re-phasing and amendments as outlined in the report and set out in table 4 of appendix 2.