Komesina o Leoleo ma Solitulafono mo Surrey – Fa'amaumauga Fa'ai'uga
Report Title: Revenue to Capital Transfer
Numera fa'ai'uga: 006/2021
Author and Job Role: Kelvin Menon – OPCC Treasurer
Faailoga Puipuia: OFICIAL
Aotelega a le Pulega:
The purpose of this decision to permit the transfer of £1,917,800 from Revenue to Capital to fund short life Capital Expenditure.
tua
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.
Fautuaga:
Faamaonia e le Komesina o Leoleo ma Soligatulafono
Ou te faamaonia le fautuaga:
Saini: David Munro (saini susu e maua ile kopi malo)
Aso: 22 / 02 / 2021