Purpose

The financial procedure rules allows for underspent budgets to be carried forward to the next financial year subject to the approval by the Portfolio Holder for Corporate Finance, Property and Resources. This decision seeks to delegate authority to the Director for Corporate Services to finalise and amend the exact amounts of the revenue carry forwards for the General Fund and Special Expenses and Housing Revenue Account for approval by the Portfolio Holder.

Decision

1)   
Approve the revenue
carry forwards for the General Fund, Special Expenses and Housing Revenue
Account as outlined in Appendix A.

 

2)   
Delegate authority for
the Director of Corporate Services to finalise and amend the exact amounts once
the final year end position is known and the actual under spend can be compared
to the amount requested.