It was RESOLVED:-

1.1       That the 2018/19 financial outturn as set out in the report be noted.

1.2       That, the following net transfers of £2.281m be noted;

a)      Transfer to reserves of £143k being the net amount, for the following specific earmarked reserves, referred to in section 5.7 and Appendix C of the report;

b)      Of the remaining balance of the General Fund surplus £1.846m be transferred to the Business Rates Equalisation reserve and £293k to the Transformation Fund, as referred to in section 2.1 (c) of the report.

1.3       That the General Fund carry-forward requests totalling £75k referred to in paragraph 5.8 of the report be approved.

3.4    That the total Capital carry-forward requests referred to in paragraphs 5.16 of the report totalling £7.850m 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 the carry forward requests.

Alternative Options Considered and Rejected:

1.1     Transfer of surplus funds of £2.281m to the Transformation Fund. 

1.2     Transfer of surplus funds of £2.281m to the Business Rates Equalisation Reserve.

1.3     Transfer surplus funds of £1.846m to the Business Rates Equalisation reserve as explained further in the table in section 5.4, surplus funds of £293k to the Transformation Fund and net transfers of £143k to specific earmarked reserves as detailed in 3.2(a) of the report.

1.4     To recommend carry forward requests for the General Fund (£75k) and Capital (£7.850m).

Any Declarations of Interest Declared: None

Any Dispensation Granted: None