Agenda item

Report of the Cabinet Member for Finance and Capital Assets seeking approval of the Revenue and Capital Outturn 2020/21.

RESOLVED:

GENERAL FUND – REVENUE

(i)  That the General Fund revenue outturn for 2020/21 was a balanced position after transfer of £8.63M surplus to reserves, as outlined in paragraph 4 of the report and in paragraph 2 of Appendix 1 be noted;

(ii)  That the performance of individual Portfolios in managing their budgets as set out in paragraphs 3 to 6 of Appendix 1 and Annex 1.1 be noted;

(iii)  That the budget carry-forward requests totalling £6.06M as outlined in paragraph 8 of Appendix 1 and detailed in Annex 1.3 be approved;

(iv)  That the performance of the Property Investment Fund (PIF) as detailed in paragraphs 9 to 11 of Appendix 1 and Annex 1.4 be noted.

HOUSING REVENUE ACCOUNT

(v)  That the HRA revenue outturn for 2020/21 as outlined in paragraph 6 and paragraphs 21 to 23 of Appendix 1 and Annex 1.6 be noted.

CAPITAL PROGRAMME

(vi)  That the actual capital spending in 2020/21 for the General Fund was £50.20M and for the HRA was £33.97M, as outlined in paragraphs 10 and 11 in the report and detailed in paragraphs 3 to 6 of Appendix 2 be noted;

(vii)  That the capital financing in 2020/21 as shown in table 3 of Appendix 2 be noted;

(viii)  That the revised capital programme for 2020/21 to 2025/26 and its financing as summarised in paragraph 11 of Appendix 2 and detailed in Annex 2.2 be approved;

(ix)  That the latest prudential indicators for the revised capital programme as detailed in Annex 2.3 be approved.