Issue - meetings
Final Revenue Outturn Position 2019/20
Meeting: 29/10/2020 - Full Council (Item 44)
44 Final Revenue Outturn Position 2019/20 PDF 592 KB
To consider the provisional position on the Council`s revenue account for 2019/20.
Additional documents:
- Appendices Revenue Outturn 2019-20, 22/09/2020 Executive, 30/09/2020 Full Council, item 44 PDF 239 KB
- Eexc Min 32 - 2019.20 rev Budget outtrun, item 44 PDF 208 KB
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 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 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 592 KB
To consider the provisional position on the Council`s revenue account for 2019/20.
Additional documents: