Decision details

To seek approval of the 2021/22 Revenue Budget Outturn.

That Cabinet noted:

• The Council’s revenue outturn position of £0.9m underspend within the General Fund.
• The Council’s outturn position of £4.4m underspend within the Housing Revenue Account to be carried forward within the HRA general reserve for the Council’s landlord functions.
• The overspend of £14.6m and a total £24.6m carried forward deficit in the ring-fenced Dedicated Schools Grant Account (DSG).
• A breakeven position on Public Health services.
• The Council’s capital outturn position of £36.4m underspend against the revised Capital Programme Budget.
• The in-year collection levels for Council Tax and Business Rates as set out in the report (see para 10 in Appendix A)
• The level of aged debt as at 31 March 2022 (see para 11 in Appendix A)
• The performance on delivery of savings as set out in Appendix A1.

That Cabinet Approved:

• £0.2m be of the residual underspend being transferred to the Mayor’s office to reinstate the discretionary and non-staff related budget (for 2022/23 only) as agreed in the 2022/23 alternative budget amendment
• £0.2m of the residual underspend to be used to replenish the Resources Operational Reserve as agreed in the 2022/23 alternative budget amendment
• The remaining £0.5m of the residual underspend be transferred to the Council’s general reserve for consideration in subsequent years
• That the revised financial reporting timetable as set out in Appendix 1b be agreed.