Ndị uwe ojii na Kọmishọna Mpụ maka Surrey – Mkpebi ime ndekọ
Report Title: Revenue to Capital Transfer
Nọmba mkpebi: 006/2021
Author and Job Role: Kelvin Menon – OPCC Treasurer
Akara Nchedo: ỌZỌ
Nchịkọta onye isi:
The purpose of this decision to permit the transfer of £1,917,800 from Revenue to Capital to fund short life Capital Expenditure.
Mụrụ
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.
Nkwanye:
Nkwenye onye uwe ojii na kọmishọna mpụ
Ana m akwado nkwado (s):
mbinye aka: David Munro (mbinye aka mmiri dị na akwụkwọ siri ike)
Ụbọchị: 22 / 02 / 2021