Decision details
Resourcing Better Outcomes -Outturn 2019/20
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Decision:
The Cabinet considered a report of the Executive Director (Finance and Resources) presenting the revenue outturn for 2019/20.
On consideration of the report, the Cabinet noted the amendments to the funding allocations for two of the neighbourhood projects (Appendix 3 to the submitted report), namely the resurfacing of Shoebury high street (£8,418.39) and Mendip Wildlife Garden (£2,000)
Recommended:
1. That the final 2019/20 revenue outturn position for both the General Fund and Housing Revenue Account (HRA) of the submitted report, be noted.
2. That the appropriation of revenue funds to and (from) earmarked reserves, as set out in sections 4.7 to 4.11 (General Fund) and section 5.7 (HRA) of the report, be approved.
3. That the potential revenue impact of the 2019/20 outturn on the 2020/21 General Fund budget and Medium Term Financial Strategy, be noted
4. That it be noted that the expenditure on the capital investment programme for 2019/20 totalled £59.451m against a revised budget of £70.957m.
5. That the relevant budget carry forwards and accelerated delivery requests totalling a net £11.552m moving into 2020/21 and future years, as set out in Appendix 1 to the report, be approved.
6. That it be noted that the virements, reprofiles, amendments and new external funding for schemes, as detailed in Appendix 1 to the report will result in an amended Capital Investment Programme of £222.077m for the period 2020/21 to 2024/25, as detailed in Appendix 2 to the report.
7. That the new capital schemes in the programme as set out at paragraphs 6.32 to 6.37 of the submitted report, be approved. This will result in an overall Capital Investment Programme of £223.857m.
9. That authority be delegated to the Director of Planning and Transport (in consultation with Ward Members and the Cabinet Member for Environment and Planning) to agree how the Ward Neighbourhood Allocations received up until 31 March 2020 (excluding allocation to Leigh Town Council) are to be spent.
Other Options
None.
Reasons for Recommendations
To provide Cabinet with the final revenue and capital outturn position for 2019/20 and as part of the year end processes, to approve appropriations to and from earmarked reserves and to approve capital budget carry forwards, accelerated delivery requests and in year amendments to the current approved programme.
Note: This is a Council Function
Eligible for call-in to: All three scrutiny committees
Cabinet Members: Cllr Gilbert and Cllr Woodley
Report author: Joe Chesterton
Publication date: 19/06/2020
Date of decision: 16/06/2020
Decided at meeting: 16/06/2020 - Cabinet
Effective from: 27/06/2020
Accompanying Documents: