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Issue

Issue - meetings

Financial Performance Outturn 2019/20

 

 

Meeting: 04/11/2020 - The Leicestershire Partnership Revenues and Benefits Joint Committee (Item 35)

35 Financial Performance Outturn 2019/20 pdf icon PDF 336 KB

Report of the Section 151 Officer

Minutes:

Mr A Wilson presented the report, informing the Joint Committee of the Outturn for the 2019/20 financial year.

 

In response to Members, Mr Wilson gave assuranes that alongside the £50,000 already aside for contingencies, the proposed figure of £50,000 would be sufficient to assist with post payment verification and fraud checks required on grant payments to businesses as part of COVID-19 support measures.

 

By affirmation of the meeting it was

 

RESOLVED THAT

 

a)      That the financial performance of the Partnership be noted

b)      Consideration of proposed use of year end reserves, being:

1) The redistribution of £145,903 of savings via a reduction to 2020/21 contributions and

2) The creation of a new earmarked reserve to deal with the post payment verification and fraud check required on grant payments to businesses due to Covid support measures of £50,000