Issue - meetings

This report provides the details of the County Council’s 2019/20 financial position as at 31 August 2019 (P5) for revenue and capital budgets and the expected outlook for the remainder of the financial year.

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

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]

The Leader and Deputy Cabinet Member introduced the month five monitoring report and stated that the council remained on target to reach a balanced budget over the next year and that the Capital budget had been reviewed. 

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.