Issue - meetings

Cabinet member: Cllr Sati Buttar

To receive the provisional revenue outturn report for 2019/20.

Cabinet considered a report on the provisional revenue outturn for 2019/20. 

The report noted a surplus for the year of £4.939m, of which £0.204m related to proposed carry forward items with £0.249m set aside in the General Fund Reserve, resulting in a net balanced budget.

Resolved to:

1.    note the provisional revenue outturn for 2019/20;

2.    approve the revenue carry forwards of £204,200; and

3.    approve the transfer to reserves for 2019/20.

To note the provisional revenue outturn report for 2019/20 which will be considered by Cabinet at their meeting on 15 July.

The Chief Finance Officer outlined the report on the 2019/20 provisional revenue outturn and responded to Committee members’ queries.

A Member requested information on previous year’s staffing recharges to KGE and information on how these had changed, in future reports, so that the Committee could better understand how KGE had affected costs of the Council.

The Committee queried the apparent difference in the treatment of carry forwards relating to software. The Chief Finance Officer offered to provide a written response on the matter.

Resolved to:

1.    note the 2019/20 provisional revenue outturn and the carry forwards totalling £204,200.

2.    receive further information on Knowle Green Estates recharges for staffing costs, in future monitoring reports.