Kaomiseran'ny Polisy sy Heloka Bevava ho an'ny Surrey – Firaketana fandraisana fanapahan-kevitra
Report Title: Revenue to Capital Transfer
Laharan'ny fanapahan-kevitra: 006/2021
Author and Job Role: Kelvin Menon – OPCC Treasurer
Marika fiarovana: OFISIALY
Fehinkevi-panadihadiana:
The purpose of this decision to permit the transfer of £1,917,800 from Revenue to Capital to fund short life Capital Expenditure.
Background
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.
tolo-kevitra:
Fankatoavan'ny kaomisera polisy sy ny heloka bevava
Ekeko ny tolo-kevitra:
Sonia: David Munro (sonia mando azo amin'ny dika mitovy)
Daty: 22 / 02 / 2021