To consider recommendations of the Cabinet in respect of:
2019/20 Financial Outturn – To provide information on the outturn financial position of the Council as at 31 March 2020 (Cabinet agenda item 7)
Consideration was given to the recommendations of the Cabinet in respect of the 2019/20 Financial Outturn report which provided information on the outturn financial position of the Council as at 31 March 2020 (Considered at Cabinet on 15 September 2020, Cabinet agenda item 7)
a) That the net General Fund overspend of £218k be funded from the Council Tax Reserve;
b) That the value of reserves listed in Appendix A – Table 4 currently retained in the reserves detailed, £234k, are re-assigned to an Earmarked reserves fund to ensure that those funds are clearly designated to the purpose listed;
c) That the revised General Fund capital programme of £10.386m Appendix A – Table 7 and the revised HRA capital programme for 2020/21 of £12.077m Appendix A – Table 9 are approved.