Mapurisa uye Mhosva Commissioner for Surrey - Sarudzo Yekuita Rekodhi
Report Title: Revenue to Capital Transfer
Chisarudzo nhamba: 006/2021
Author and Job Role: Kelvin Menon – OPCC Treasurer
Kuchengetedza Kumaka: OFFCIAL
Executive Summary:
The purpose of this decision to permit the transfer of £1,917,800 from Revenue to Capital to fund short life Capital Expenditure.
kumashure
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.
Mazano:
Mvumo yeMapurisa neMhosva
Ndinobvumira (ma) mazano:
Siginicha: David Munro (siginicha yakanyorova inowanikwa pahard copy)
Zuva: 22 / 02 / 2021