Decision details

The Executive considered a report seeking authority to carry forward unspent budget from 2017/18 to 2018/19, in line with financial regulations.

Carry forwards fell into two categories:

    (i)          Those which arose from budget underspends in the previous year, which were a result of works being deferred into the current year.

   (ii)          Those which arose from the receipt of Government Grants which were received too late in the year to be spent.

The carry forwards would result in £872,243 being charged against general fund reserves in 2018/19.

RESOLVED to agree the budget carry forwards for 2018/19 totalling £872,243, as set out at Annexes A and B of the agenda report.