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Decision details
2021/22 Revenue Budget outturn
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To seek approval of the 2021/22 Revenue Budget Outturn.
Decision:
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.
Report author: Denise Murray
Publication date: 07/06/2022
Date of decision: 07/06/2022
Decided at meeting: 07/06/2022 - Cabinet
Effective from: 15/06/2022
Accompanying Documents: