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: