Decision details
Revenue Expenditure Outturn 2020/21
PDF 111 KBDecision Maker: Executive Member for Transformation & Finance
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To note the outturn position for the year and
approve earmarked reserves.
Decision:
1 That the outturn expenditure for 2020/21, subject to audit, of £87.592m, which represents an under spend of £3.615m compared with the approved budget be noted.
2 That the budget carry forwards of £0.193m be approved.
3 That Council be invited to note the Treasury Management performance in 202/21.
4 That the earmarked reserves be noted.
5 That the virements relating to the 2020/21 budget be approved.
Reasons for the decision:
The recommendations are intended to inform the Executive of financial performance against budget in the 2020/21 financial year.
Alternative options considered:
The report sets out the Council’s actual financial performance in 2020/21 and the consideration of options is not therefore appropriate.
Interests and Nature of Interests Declared:
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: Resources
Other reasons / organisations consulted
None
Contact: Arthur Parker, Chief Accountant Email: arthur.parker@bracknell-forest.gov.uk Tel: 01344 352158.
Publication date: 20/07/2021
Date of decision: 20/07/2021
Effective from: 28/07/2021