Decision Maker: Mid Suffolk Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To note the outturn positions and approve the carry forward requests
It was RESOLVED:-
1.1 That the 2020/21 General Fund financial outturn of £911k surplus as set out in this report benoted.
1.2 That the following transfers beapproved;
a) Transfer to reserves of £297k being the net amount for specific earmarked reserves, referred to in section 6.5 of thisreport;
b) Surplus of £613k be transferred to the Growth and EfficiencyFund.
1.3 That therevenue carry-forwardrequests totalling£717k referredto inparagraph 6.12 and Appendix E of this report beapproved.
1.4 That the total Capital carry-forward requests referred to in paragraph 6.18 of this report totalling £8.937m 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 theentire surplusof £911kto theGrowth andEfficiency Fund(GEF) and support the revenue carry forwards of £717k and capital carry forward requests of £8.937m. This does not enable other revenue reserves to be supplemented, so is not the recommendedoption.
Any Declarations of Interest Declared: None
Any Dispensation Granted: None
Publication date: 03/08/2021
Date of decision: 02/08/2021
Decided at meeting: 02/08/2021 - Mid Suffolk Cabinet
Effective from: 11/08/2021
Accompanying Documents: