Sepolesa le Mokhomishenara oa Botlokotsebe bakeng sa Surrey - Rekoto ea ho Etsa Liqeto
Report Title: Revenue to Capital Transfer
Nomoro ea qeto: 006/2021
Author and Job Role: Kelvin Menon – OPCC Treasurer
Tšireletso ea Tšoaea: OFFCIAL
Kakaretso e hlohonolofalitsoeng:
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.
Keletso:
Tumello ya Mokomishinara wa Botlokotsebe le Sepolesa
Ke amohela(li)khothaletso:
Tshaeno: David Munro (mosaeno o metsi o fumaneha ho hard copy)
Letsatsi: 22 / 02 / 2021