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.