Decision details
Financial Monitoring Outturn 2019-20
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Reporting the 2019-20 outturn for Revenue,
Capital and Collection of Council tax, Business Rates and
Debt
Decision:
RESOLVED: That
(1) Revenue
(a) it be noted that the gross expenditure has been balanced to gross income with the appropriate allocation of reserves;
(b) it be noted that the General Fund Balance at 31 March 2020 of £10.668 million; and
(c) it be noted that the Earmarked Reserves totalling £66.768 million.
(2) Capital
(a) the additional re-profiling of £19.4 million from 2019/20 to 2020/21 be noted;
(b) the financing of the Programme for 2019/20 be noted; and
(c) the Programme for 2020/21 and beyond be kept under review to ensure it is realistic, deliverable and affordable.
3 Collection Summary
(a) it be note that the in-year collection rate for Council Tax is 94.8%, the same as the previous year;
(b) the increase in cash collected for Council Tax 2019/20 of £11.7 million be noted; and
(c) the in-year collection rate for Business Rates of 97.53% (In 2018/19 the collection rate was 97.9%.) be noted;
(d) the £86.557 million of Sundry Debtors collected in the year be noted; and
(e) the sundry debts for Adults Social Services and Other Directorates detailed in the report to be written-off against the Provision for Bad Debts of £2.271 million be approved.
Report author: Diane Grisdale
Publication date: 28/07/2020
Date of decision: 27/07/2020
Decided at meeting: 27/07/2020 - Cabinet
Effective from: 05/08/2020
Accompanying Documents: