Babergh and Mid Suffolk District Councils
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Decision details

Decision Maker: Babergh Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To note the outturn positions and approve the carry forward requests

Decision:

It was RESOLVED: -

 

1.1             That the 2020/21 General Fund financial outturn of £736k surplus as set out in this report benoted.

 

1.2             That, the following transfers beapproved;

a)       Transfer to reserves of £363k being the net amount, for specific earmarked reserves, referred to in section 6.5 of thisreport;

b)       Surplus of £373k be transferred to the TransformationFund

 

1.3             Thatthe revenuecarry-forward requeststotalling £571kreferred toin paragraph6.12 and Appendix E of this report be approved.

 

1.4             Thatthe totalcapital carry-forwardrequests referredto inparagraph 6.18of thisreport totalling £13.802m be approved.

 

Reason for Decision:

 

To ensure that Members are kept informed of the outturn position for both General Fund Revenue and Capital and to approve earmarked reserve transfers and carry forward requests.

 

Alternative Options Considered and Rejected:Transfer the entire surplus of £736k to the Transformation Fund and support the revenue carry forward requests of £571k and the capital carry forward requests of £13.802m. This does not enable other revenue reserves to be supplemented, so is not the recommendedoption.

 

Any Declarations of Interests Declared: None

 

Any Dispensations Granted: None

Publication date: 03/08/2021

Date of decision: 02/08/2021

Decided at meeting: 02/08/2021 - Babergh Cabinet

Effective from: 11/08/2021

Accompanying Documents: