Decision details

As part of the Council’s closure of its 2019/20 accounts consideration to be given to the earmarking of reserves for the purposes stated in the report to be received at Executive Board.

The Chief Officer (Financial Services) submitted a report presenting the financial outturn position for the 2019/20 financial year in terms of both revenue and capital elements, with it also including details regarding the Housing Revenue Account and expenditure on schools.  In addition, the report also highlighted the position in respect of other key financial health indicators including: Council Tax and Business Rates collection statistics; sundry income; reserves and the prompt payment of creditors.

The Executive Member for Resources extended his thanks to Council officers for the work undertaken to achieve the Council’s outturn position for 2019/20, as detailed within the report.

RESOLVED –

(a)  That the Council’s financial outturn position for 2019/20, as detailed within the submitted report, be noted;

(b)  That the creation of earmarked reserves, as detailed within paragraph 6.3 of the submitted report, be agreed, with agreement also being given to delegate the release of such reserves to the Chief Officer (Financial Services);

(c)  That it be noted that the Chief Officer (Financial Services) will be responsible for the implementation of these resolutions following the conclusion of the ‘Call In’ period.

This is a factual report and is not subject to consultation

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