Decision details
2019/20 Financial Outturn Report
Decision Maker: Cabinet, Council
Decision status: Recommmend Forward to Council
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To provide the final outturn for 2019/20 with
explanations for significant variances compared with the annual
budget. Also to include any budget decisions required by Cabinet
and Council.
Decision:
RESOLVED that Cabinet:-
(a) note the year-end financial outturn positions achieved including revenue, capital, reserves and for the HRA; and
(b) agree the capital virements in paragraph 84 of the report.
RECOMMENDED that Council:-
(c) agree the capital virements in paragraph 85 of the report.
Voting: Unanimous
Portfolio Holder: Finance
Reasons
To comply with accounting codes of practice and best practice which requires councils to report their end of year financial position compared with the budget of the authority.
To facilitate the implementation of a strong and active culture of financial management within the council by identifying when prompt management action is needed to avoid an adverse impact on future service delivery or the achievement of future corporate objectives.
Report author: Nicola Webb
Publication date: 31/07/2020
Date of decision: 29/07/2020
Decided at meeting: 29/07/2020 - Cabinet
Effective from: 08/08/2020
Accompanying Documents:
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