Komisina Makai a Karaima no Surrey – Hoʻopaʻa Hoʻoholo
Report Title: Revenue to Capital Transfer
Helu hoʻoholo: 006/2021
Author and Job Role: Kelvin Menon – OPCC Treasurer
Hoailona Palekana: OFFICIAL
Māhele Summary:
The purpose of this decision to permit the transfer of £1,917,800 from Revenue to Capital to fund short life Capital Expenditure.
kāʻei kua
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.
Manaʻo:
Aponoia ke Komisina Makai a Karaima
Apono au i ka manao:
Kaulima: David Munro (loaʻa ka pūlima pulu ma ke kope paʻa)
Lā: 22 / 02 / 2021