Amapolisa kunye noMkomishinala woLwaphulo-mthetho we-Surrey - iRekhodi yokuthatha izigqibo
Report Title: Revenue to Capital Transfer
Inombolo yesigqibo: 006/2021
Author and Job Role: Kelvin Menon – OPCC Treasurer
Ukumakishwa okuKhuselayo: NGOKUSEMTHETHWENI
Isishwankathelo sebhunga:
The purpose of this decision to permit the transfer of £1,917,800 from Revenue to Capital to fund short life Capital Expenditure.
imvelaphi
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.
I ngcebiso:
Imvume yoMkomishinala wamaPolisa noLwaphulo-mthetho
Ndiyavumelana nezindululo:
Umsayino: David Munro (utyikityo olumanzi luyafumaneka kwikopi eprintiweyo)
Umhla: 22 / 02 / 2021