Coimiseanair Poileis is Eucoir Surrey - Clàr Co-dhùnaidh
Report Title: Revenue to Capital Transfer
Àireamh co-dhùnaidh: 006/2021
Author and Job Role: Kelvin Menon – OPCC Treasurer
Comharradh dìon: OIFIGEIL
Geàrr-chunntas Gnìomha:
The purpose of this decision to permit the transfer of £1,917,800 from Revenue to Capital to fund short life Capital Expenditure.
Cùl-fhiosrachadh
Any expenditure on assets deemed to have a life of longer than one year is usually capitalised provided that it is greater than de-minimus limits. However as borrowing has only been permitted by the PCC for estates this expenditure has to be met from existing capital receipts or from revenue.
As a consequence a revenue transfer is required to ensure that this capital expenditure can be funded.
Moladh:
Aonta Coimiseanair Poileis is Eucoir
Tha mi a’ gabhail ris a’ mholadh (na molaidhean):
Ainm-sgrìobhte: Daibhidh Rothach (ainm-sgrìobhte fliuch ri fhaighinn air lethbhreac cruaidh)
Ceann-là: 22 / 02 / 2021