It was RESOLVED:-
1.1 That subject to any further budget variations that arise during
the rest of the financial year, the following net transfers of
£639k be noted:
a) Transfer fromreserves of£22k beingthe
netamount, forthe followingspecific earmarked reserves, referredto
insection 5.8and Appendix Dof the report:
·
£94k to Carry Forwards
(Strategic Planning and Policy StrategyHealth and
Well-Being)
·
£27k toWaste
·
£10k toElections
·
£10k to Strategic
Planning
·
£59k from Planning for appeal
costs
·
£54k from Homelessness
·
£50k from Commuted Maintenance
Payments
b) The remaining balance of the General Fund surplus
of £661k be transferred to Business rates Equalisation
Reserve.
1.2 That the
revised 2018/19 Capital Programme referred to in Appendix E and
section 5.19 of the report be approved.
Reason for
Decision: To ensure that Members are kept
informed of the current budgetary position for both General Fund
Revenue and Capital.
Alternative Options Considered and Rejected: The options that have been considered are;
a)
Transfer of surplus funds of £639k to the Transformation
Fund.
b)
Transfer of surplus funds of £639k to the Business rates
Equalisation Reserve
c)
Transfer surplus funds of £661k to the Business rates
Equalisation Reserve and
net
transfers of £22k from specific earmarked reserves as
detailed in 3.1 (a).
d)
At this early stage in the year, make no recommendations for the
transfer of
surplus funds to reserves.
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