Issue - meetings

Key Decision

Executive Lead Member

Councillor David Martin – Executive Lead Member for Finance, Revenues and Benefits

Cabinet received a report setting out the details of income and expenditure

incurred in 2021/22 in respect of the General Fund, the Housing Revenue

Account (HRA) and the Capital Programme and how this compared to revised

budgets including explanations for significant variances.

Members considered the alternative option of declining to approve the

recommendations as outlined in the report.

RESOLVED that

a)    the 2021/22 unaudited draft Revenue Outturn for the General Fund, the HRA Outturn and the Capital Programme Outturn, as presented be received and noted;

b)    the proposed in-year movements to and from reserves, as outlined in Appendix 2, be approved;

c)    the 2022/23 revenue budgets be approved and adjusted to reflect the use of the 21/22 underspend to fund a carry forward and inflation pressures (Section 1.4 and 4.2), and the movements from earmarked reserves to utilise the funding/grants in 2022/23 (Section 6);

d)    Council be recommended to approve the carry-forward of the £14.567m underspend on the Capital Programme to 2022/23 due to slippage (delays to schemes) included in the approved Programme (Section 5).

d)

Reason:

To report to those charged with governance, the Council’s unaudited draft financial Outturn for 2021/22 and to comply with the Council’s Financial Regulations.