Decision details

The Council considered the report of the Director of Resources presenting the outturn position for the year ended 31 March 2020 and inform Members of movements in relation to the Council’s General Fund, Earmarked Reserves and Capital Commitments as at 31 March 2020.

It was noted that a draft statement of accounts had been published and the audit was due to conclude in August 2020.

Appendix 1 to the report provided an overview of the outturn position and the impact on Reserves.  The Earmarked Reserves balance was £4.2m as at 31 March 2020 and Appendix 2 provided a breakdown of Reserves.  Appendix 3 provided detail of Commitments and Members’ approval for these to be carried forward into 2020 / 21 was sought.  The report also provided details of Capital Commitments.

The Leader of the Council on behalf of all Members thanked the Director of Resources and his team for their hard work around the closure of accounts.  He then proposed that the recommendations as set out in the report be agreed.  This was duly seconded.

Councillor C P Morley left the meeting at this point.

Councillor W Stamp asked that Members thanks to the two Interim Section 151 Officers also be recorded.

The Chairman then put the proposal, which was agreed (by assent).

RESOLVED

(i)              That the outturn position for the 2019 / 20 financial year be noted;

(ii)       That the movement in earmarked reserves in Appendix 2 to the report be approved;

(iii)     That Revenue commitments in Appendix 3 to the report be approved to be brought forward to 2020 / 21;

(iv)      That the Capital commitment roll forwards into 2020 / 21 be approved.