Decision details

WECA & Mayoral budget outurn, April 2019 - March 2020

Decision Maker: Joint meeting - West of England Combined Authority Committee and West of England Joint Committee

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

The West of England Combined Authority Committee RESOLVED to:

 

1. Note the Mayoral Fund revenue outturn as detailed in Appendix 1.

 

2. Note the WECA revenue outturn as detailed in Appendix 2.

 

3. Approve the carry forward of £77k net overspend against the 2019/20 revenue transport levy in to 2020/21 to be set against the Transport smoothing reserve.

 

4. Approve the transfer of £500k from the 2019/20 revenue surplus to a specific reserve to address the estimated shortfall of business rates retention in 2020/21.

 

5. Approve the transfer of £51k from the 2019/20 revenue surplus into the WECA General Reserve.

 

Publication date: 19/06/2020

Date of decision: 19/06/2020

Decided at meeting: 19/06/2020 - Joint meeting - West of England Combined Authority Committee and West of England Joint Committee

Accompanying Documents: