Issue - meetings

AGREED RECOMMENDATIONS

Reasons for decision – to consider financial matters relating to the 2021/22 financial year

Other options considered – none

Conflicts of interest / dispensations granted – none

RESOLVED:

(a) That the breakdown of the forecast 2021/22 General Fund (GF) outturn by individual variance at Appendix 1 and by service area at Appendix 2 of the report of the Executive Member for Finance, Planning and Performance, be noted.

(b) That the overall 2021/22 GF net break-even position, after application of grants and contingencies, be noted.

(c) That the allocation of Contain Outbreak Management Fund funding totalling £2.403m across eligible COVID-19 related expenditure in line with the terms of the grant be noted.

(d) That new reserves, the outturn transfers to/from reserves, the movements between reserves and the provisional GF and HRA reserves balances be approved and the Section 151 Officer be authorised to agree any further movements to/from reserves related to finalising the 2021/22 Statement of Accounts.

(e) That the drawdowns from the corporate transformation fund in 2021/22 be approved.

(f) That the HRA in-year deficit of (+£18.541m), fully funded from a lower contribution to HRA reserves than planned in the original budget, be noted.

(g) That the 2021/22 capital outturn and financing of the 2021/22 capital programme and the movement in the 2021/22 capital budget since the last reported capital programme at Month 10 be noted.

(h) That the re-profiling of the 2021/22 capital outturn budget variances

(-£34.967m) into the 2022/23 capital programme, with the exception of variances that were underspends rather than re-profiling in nature, be approved and the Section 151 Officer be authorised to agree any further capital financing adjustments related to finalising the 2021/22 Statement of Accounts.

Reasons for decision – to enable members to monitor the budget.

Other options considered – none

Conflicts of interest / dispensations granted – none