Issue - meetings

AGREED RECOMMENDATIONS

Reasons for decision – in order to ensure the financial resilience of the council

Other options considered – none

Conflicts of interest / dispensations granted – none

RESOLVED:

i.               That the breakdown of the forecast general fund outturn by individual variance at Appendix 1 and by service area at Appendix 2 (Section 3 and Table 1 of the report) be noted.

ii.               That the overall general fund net break-even position (before unallocated contingency budget), unchanged from the previous reported position, (Section 3 and Table 1 of the report) be noted.

iii.               That, subject to decision at the next Executive meeting on 2 September 2021, the further proposed allocation of Carbon Offset Funding of £3.037m over the next three years to support delivery of the council’s Net Zero Carbon programme (Paragraph 4.6 and Table 2 of the report) be noted.

iv.               That the new general fund fees and charges relating to filming rights in the borough (Paragraph 4.7 and Table 3 of the report) be approved.

v.               That the allocation of Contain Outbreak Management Fund/Test and Trace Support grant funding totalling £8.284m across eligible COVID-19 related expenditure in line with the terms of the grant (Paragraph 4.25 and Table 4 of the report) be noted.

vi.               That the outturn transfers to reserves, the movements between reserves and the provisional general fund and housing revenue account reserves balances be approved; and authority be delegated to the Section 151 Officer to agree any further movements to/from reserves related to finalising the 2020/21 Statement of Accounts (Paragraphs 4.28, 4.30 and 5.5, and Tables 5-6 of the report) be approved.

vii.               That the housing revenue account in-year deficit of (+£13.456m), fully funded from a lower contribution to housing revenue account reserves than planned in the original budget (Section 5 and Appendix 2) be approved.

viii.               That the 2020/21 capital outturn, financing of the 2020/21 capital programme and the movement in the 2020/21 capital budget since the last reported capital programme at Month 10 (Section 6, Tables 7-9 and Appendix 3 of the report) be noted.

ix.               That the re-profiling of the 2020/21 capital outturn budget variances (-£16.306m) into the 2021/22 capital programme, with the exception of variances that are underspends rather than re-profiling in nature, be approved; and authority be delegated to the Section 151 Officer to agree any further capital financing adjustments related to finalising the 2020/21 Statement of Accounts (Section 6, Table 7 and Appendix 3 of the report) be approved.

x.               That, subject to approval by the Borough Investment Panel on 29 July 2021 and decision at the next Executive meeting on 2 September 2021, the proposed allocation of £1.740m Community Infrastructure Levy funding (strategic element) to the People Friendly Streets programme (Paragraph 6.7 of the report) be noted.

Reasons for decision – in order to ensure the financial resilience of the council

Other options considered – none

Conflicts of interest / dispensations granted – none