6 REVENUE BUDGET 2019-20 - SECOND QUARTER REVIEW (SEPTEMBER 2019) PDF 532 KB
Report by Dafydd L.Edwards, Host Authority Statutory Finance Officer.
Additional documents:
Decision:
DECISION
1.
To receive the Joint
Committee's (North Wales Economic Ambition Board) Second Quarter Review for
2019/20.
2.
To obtain the Joint
Committee's approval for the budget virements set out in the last column of
Appendix 1.
3.
To note and accept the
present position on the 2020/21 Budget.
Minutes:
The report was
submitted by Dafydd Edwards, Statutory Finance Officer of the Host Authority.
RESOLVED
1.
To receive the Joint Committee's (North
Wales Economic Ambition Board) Second Quarter Review for 2019/20.
2.
To obtain the Joint Committee's approval
for the budget virements set out in the last column
of Appendix 1.
3.
To note and accept the present position
on the 2020/21 Budget.
REASONS FOR THE DECISION
There was reduced forecast expenditure on
project planning (less work commissioned externally and lower cost of employing
staff) than originally estimated, but it appeared that capitalisation of
salaries would not now be possible in 2019/20. The consequent net expenditure of
the NWEAB was affordable within the current partner contributions, but was
dependent on obtaining the ESF grant funding from WEFO.