Issue - meetings

Key Decision

Portfolio Holder

Councillor David Martin – Portfolio Holder for Finance, Revenues and

Benefits

RESOLVED that

the current forecast outturn for the General Fund, Housing Revenue Account

(HRA) and Capital Programme for 2021/22, be noted;

the budget adjustments outlined in Section 3.1, Table 3 of the report, be approved;

the write-off of the outstanding invoices for the Hotel Investment Property in

relation to Shearings, the previous tenant who went into administration, be noted.

Cabinet received a summary of the Council’s forecast financial outturn position to 31 March 2022 compared to the latest approved budgets for the General Fund, Housing Revenue Account (HRA) and the Capital

Programme. The forecast financial outturn was based on the actual financial activity to the 30 September 2021 and forecast costs and income from 1 October 2021 to 31 March 2022.

Members considered the alternative option of declining to approve the recommendations as outlined in the report.

RESOLVED that

a)    the current forecast outturn for the General Fund, Housing Revenue Account (HRA) and Capital Programme for 2021/22, be noted;

b)    the budget adjustments outlined in Section 3.1, Table 3 of the report, be approved;

c)    the write-off of the outstanding invoices for the Hotel Investment Property in relation to Shearings, the previous tenant who went into administration, be noted.

Reason:

In accordance with the Council’s Financial Regulations to report to those charged with Governance the financial position.