Decision details

Revenue Expenditure Outturn 2019/20

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

To note the outturn position for the year and approve earmarked reserves.

RESOLVED that

i. the outturn expenditure for 2019/20, subject to audit, of £74.323m, which

represents an under spend of -£0.646m compared with the approved budget is noted.

ii. the budget carry forwards of £0.054m (see paragraph 5.7 and Annexe C) are approved.

RECOMMENDED that

iii. Council note the Treasury Management performance in 2019/20

as set out in Annexe B of the Director: Resources report.

iv. the earmarked reserves as set out in Annexe D of the Director:Resource’s report are approved.

v. the virements relating to the 2019/20 budget between £0.050m and

£0.100m and recommend those that are over £0.100m are approved by Council.

The recommendations are intended to inform the Executive of financial performance

against budget in the 2019/20 financial year.

The report sets out the Council’s actual financial performance in 2018/19 and the

consideration of options is not therefore appropriate.

None

Reason Key: Expenditure >£400,000 & Affects more than 1 ward.;

Wards Affected: (All Wards);

Financial Impact: The outturn position impacts on reserves.

Declarations: None

Subject to Urgent Proceedings: No

Making Representations: In writing to the Director:Finance

Other reasons / organisations consulted

Not applicable.

Consultees

None.

Contact: Arthur Parker, Chief Accountant Email: arthur.parker@bracknell-forest.gov.uk Tel: 01344 352158.

Report author: Arthur Parker

Publication date: 14/07/2020

Date of decision: 14/07/2020

Effective from: 22/07/2020

Accompanying Documents:

Democratic services