Issue - meetings
Financial Monitoring Outturn 2019-20
Meeting: 27/07/2020 - Cabinet (Item 109)
109 Financial Monitoring Outturn 2019-20 PDF 82 KB
Additional documents:
- Appendix 1 Outturn Revenue 2019-20 v2.0, item 109 PDF 97 KB
- Appendix 2 Capital Outturn Report 2019-2020 v1.0, item 109 PDF 124 KB
- Appendix 3 Collection Summary Outturn Report 2019-2020 v2.0, item 109 PDF 87 KB
- Webcast for Financial Monitoring Outturn 2019-20
Minutes:
Councillor Janette Williamson introduced a report by the Director of Resources that outlined how the Council had managed its resources to provide value for money services during 2019-20. The report included a Revenue Outturn summary and service area performance against budget. It also summarised the key headlines for Revenue, Capital and Collections and concluded the reporting to the Cabinet for the 2019-20 financial year.
Further details to support the content of the report were provided in the appendices to the report as follows:
· Appendix 1 Revenue Outturn 2019-20
· Appendix 2 Capital Outturn 2019-20
· Appendix 3 Collection Summary Outturn 2019-20
This was a key decision which affected all Wards within the Borough.
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.