Issue - meetings
Budget Matters: Revenue and Capital Outturn 2019-20
Meeting: 15/07/2020 - Council (Item 22)
22 Budget Matters: Revenue and Capital Outturn 2019-20 PDF 310 KB
Report of the Cabinet Member for Finance and Income Generation seeking approval of the Revenue and Capital Outturn for 2019-20.
Additional documents:
- Appendix 1 2019-20 Revenue Outturn, item 22 PDF 399 KB
- Annexe 1.1 GENERAL FUND REVENUE ACCOUNT OUTTURN 2019/20, item 22 PDF 416 KB
- Annexe 1.2 Budget carry forwards, item 22 PDF 184 KB
- Annexe 1.3 Property Investment Fund Performance 2019-20, item 22 PDF 212 KB
- Annexe 1.5 2019-20 HRA Revenue Outturn, item 22 PDF 111 KB
- Annexe 1.6 Collection Fund 2019-20, item 22 PDF 14 KB
- Appendix 2 2019-20 Capital outturn, item 22 PDF 306 KB
- Annexe 2.1 2019-20 Capital variations at outturn, item 22 PDF 131 KB
- Annexe 2.2 General Fund and HRA variations to Programme, item 22 PDF 9 KB
- Annexe 2.3 GF and HRA Capital Programme - additions, item 22 PDF 76 KB
- Annexe 1.4 Earmarked Revenue Reserves, item 22 PDF 11 KB
Minutes:
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.
Meeting: 14/07/2020 - Cabinet (Item 2)
2 Budget Matters: Revenue and Capital Outturn 2019-20 PDF 310 KB
Report of the Cabinet Member for Finance and Income Generation on the Revenue and Capital Outturn for 2019-20.
Additional documents:
- Appendix 1 2019-20 Revenue Outturn, item 2 PDF 399 KB
- Annexe 1.1 GENERAL FUND REVENUE ACCOUNT OUTTURN 2019/20, item 2 PDF 416 KB
- Annexe 1.2 Budget carry forwards, item 2 PDF 184 KB
- Annexe 1.3 Property Investment Fund Performance 2019-20, item 2 PDF 212 KB
- Annexe 1.5 2019-20 HRA Revenue Outturn, item 2 PDF 111 KB
- Annexe 1.6 Collection Fund 2019-20, item 2 PDF 14 KB
- Appendix 2 2019-20 Capital outturn, item 2 PDF 306 KB
- Annexe 2.1 2019-20 Capital variations at outturn, item 2 PDF 131 KB
- Annexe 2.2 General Fund and HRA variations to Programme, item 2 PDF 9 KB
- Annexe 2.3 GF and HRA Capital Programme - additions, item 2 PDF 76 KB
- Annexe 1.4 Earmarked Revenue Reserves, item 2 PDF 11 KB
Minutes:
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.