Financial Monitoring Outturn 2019-20
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Reporting the 2019-20 outturn for Revenue,
Capital and Collection of Council tax, Business Rates and
(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.
(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