Decision details

RESOLVED:

That District Executive agreed to:-

a.

note the net spending for the year of £16,357,133, an underspend of £834,349 (4.85%) compared to final budget, and explanations of variances from budget holders for the 2019/20 financial year as shown in paragraphs 7-10;

b.

approve budget carry forwards of £340,670 into the 2020/21 budget (as shown in Appendix B);

c.

approve individual service overspends are funded from general balances and the net underspend of £493,679 after carry forwards is returned to general balances;

d.

approve the budget virements in paragraph 38, table 7;

e.

note the virements in Appendix E;

f.

note the use of the specific reserves in paragraph 31 and the transfers to and from balances outlined in the General Fund table paragraph 32, table 5;

g.

note the position of the Area Committee balances in paragraph 35.

Reason:

To inform Members and confirm the actual spend against budgets for the 2019/20 financial year.