Decision details

Capital Outturns 2018-19

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To inform members of the
• revenue outturn for 2018/19 and make recommendations on budget carry forwards and transfers to and from reserves.
• capital outturn position for 2018/19 and to approve the carry-forward of capital resources to 2018/19.

Decisions:

The subject of the decision

 

The Head of Financial Services submitted a report which sought to provide members with information on the 2018/19 capital programme and sought their approval on the carry-forward budgeted amounts to 2019/20.

 

Members noted the summary capital outturn position for 2018/19, expenditure from the capital budget was underspent by £2.55m, re-profiling of expenditure to subsequent financial years was £2.44m, resulting in a net underspend of £105k.

 

Councillor M Johnson moved the recommendations. This was seconded by Councillor M Jenkinson. The motion was unanimously agreed.

 

Alternative options considered

 

Not to approve the carry-forward of resources.

 

The reason for the decision

 

To provide members with information regarding the 2018/19 capital programme and to approve the carry-forward of resources to 2019/20.

 

The decision

 

Resolved

 

That -

 

1.  The draft capital outturn position be noted

 

2.  The carry forward of £2,444,308 to 2019/20 be approved, to enable previously approved capital schemes to be completed.

 

Report author: Allison Hodgson

Publication date: 28/06/2019

Date of decision: 28/06/2019

Decided at meeting: 28/06/2019 - Executive

Accompanying Documents: