Decision details

Month 5 Financial Monitoring Report

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To consider the month end budget report and make any recommendations as appropriate.

 

Decision:

RESOLVED:

 

1.    That the transfer of a forced school’s conversion (Surrey Hills Primary School) revenue surplus of £38,654 to a sponsored academy be approved.

 

2.    That the Council’s forecast revenue and capital budget positions for the year was noted.

 

Reason for Decision:

 

To ensure equal treatment for forced academy conversions, the proposal is to transfer the surplus to Surrey Hills Primary School.

To note this report is to comply with the agreed policy of providing a monthly budget monitoring report to Cabinet for approval of any necessary actions.

 

[The decisions on this item can be called in by the Resources & Performance Select Committee]

 

Report author: Kevin Kilburn

Publication date: 30/10/2019

Date of decision: 29/10/2019

Decided at meeting: 29/10/2019 - Cabinet

Effective from: 07/11/2019

Accompanying Documents: