Issue - meetings

Final Revenue Outturn Position 2019/20

Meeting: 29/10/2020 - Full Council (Item 44)

44 Final Revenue Outturn Position 2019/20 pdf icon PDF 592 KB

To consider the provisional position on the Council`s revenue account for 2019/20.

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Minutes:

With reference to Minute32 of the Executive (20th October 2020) consideration was given to the provisional position on the Council`s revenue accounts for 2019/20.

 

RESOLVED

 

That approval be given to

a)    The provisional final position on the Council`s revenue account for 2019/20 shows a net deficit of £93k which has been funded from the Transformation Reserve.  Of the £93k net deficit, £66k was due to Covid-19 related budget pressures incurred in March 2020 which reduces the true in year net deficit to £27k.  The projected overspend from the outturn position estimated during quarter 3 budget monitoring was £140k.

b)    The transfers to/from Earmarked Reserves totalling a net £0.888m increase to reserves as shown in appendix 2; and

c)    The additional revenue budget carry forward requests from Heads of Service totalling £0.047m as shown in appendix 3.


Meeting: 20/10/2020 - Executive (Item 32)

32 Final Revenue Outturn Position 2019/20 pdf icon PDF 592 KB

To consider the provisional position on the Council`s revenue account for 2019/20.

Additional documents:

Minutes:

Purpose

 

To report the provisional position on the Council`s revenue accounts for 2019/20.

 

Reason for Decision

 

To conclude the revenue budget monitoring process for 2019/20 and report the final outturn position as outlined in the Council`s Statement of Accounts for 2019/20/

 

Decision

 

That Full Council be recommended to approve:

 

a)    The provisional final position on the Council`s revenue account for 2019/20 shows a net deficit of £93k which has been funded from t he Transformation Reserve.  Of the £93k net deficit, £66k was due to Covid-19 related budget pressures incurred in March 2020 which reduces the true in year net deficit to £27k.  The projected overspend from the outturn position estimated during quarter 3 budget monitoring was £140k.

 

b)    The transfers to/from Earmarked Reserves totalling a net £0.888m increase to reserves as shown in appendix 2

 

c)    The approval of additional revenue budget carry forward requests from Heads of Service  totalling £0.047m as shown in appendix 3.


Meeting: 19/10/2020 - Scrutiny Committee (Item 32)

32 Final Revenue Outturn Position 2019/20 pdf icon PDF 592 KB

To consider the provisional position on the Council`s revenue account for 2019/20.

Additional documents:

Minutes:

At this point Councillor Andy Fewings returned to the meeting.

 

Howard Hamilton-Smith presented a report to the Committee which was also to be presented to a meeting of the Executive on Tuesday, 20th October 2020 to report the provisional position on the Council`s revenue accounts for 2019/20.

 

The Committee was advised that the Executive would be requested to recommend that Full Council approve the following:

 

1.    The provisional final position on the Council`s revenue account for 2019/20 shows a net deficit of £93k which had been funded from the Transformation Reserve.  Of the £93k net deficit, £66k was due to Covid-19 related budget pressures incurred in March 2020 which reduced the true in year net deficit to £27k.  The projected overspend from the outturn position estimated during qurter3 budget monitoring was £140k; and

 

2.    The transfer to/from Earmarked Reserves totalling a net £0.888m increase to reserves (as detailed in Appendix 2); and

 

3.    The approval of additional revenue budget carry forward requests from Heads of Service totalling £0.047m (as detailed in Appendix 3).

 

Grounds for the above recommendations were outlined within the report.

 

IT WAS AGREED

 

That the report be noted.


Meeting: 21/09/2020 - Scrutiny Committee (Item 12.)

12. Final Revenue Outturn Position 2019/20 pdf icon PDF 592 KB

To consider the provisional position on the Council`s revenue account for 2019/20.

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