Decision details

Financial Outturn 2019-20 - Early Closedown Review

Decision Maker: Cabinet

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To consider and note the financial outturn reports in relation to revenue, capital & treasury management. Make decisions as appropriate based on the finalised financial position

Decision:

1)    That approval be given to the COVID-19 Grant Reserve.

2)    That the capitalisation measures to release £6.5m revenue resources as part of the early closedown review 2019/2020 be noted.

3)    That approval be given to the subsequent transfer of the £6.5m released revenue resources to earmarked financial resilience reserves.

 

Report author: James Anderson

Publication date: 04/06/2020

Date of decision: 02/06/2020

Decided at meeting: 02/06/2020 - Cabinet

Effective from: 10/06/2020

Accompanying Documents: