Agenda item

Revenue and Capital Outturn 2021-22

Report of the Cabinet Member for Finance and Change on the Revenue and Capital Outturn for 2021-22.

Minutes:

DECISION MADE: (CAB 22/23 33985)

On consideration of the report of the Cabinet Member for Finance and Change and having noted the amendment to the report as set out below:

 

2. COMMUNITIES, CULTURE & HERITAGE PORTFOLIO   Cabinet page 30 & Council page 34

 

Service Area

COVID Outturn Variance

COVID Forecast Variance Qtr 3

COVID Variance Movement from

 

 

Qtr 3

£M

£M

£M

Private Sector Housing

0.10 A

0.10 A

0

Cultural Services

0.13 F

0.05 F

0.08 F

Stronger Communities

0.72 F

0

0.72 F

Total

0.75 F

0.05 A

0.80 F

 

 

5. ENVIRONMENT PORTFOLIO  Cabinet page 38 & Council page 42

 

 

Service Area

COVID-19 Pressures Outturn

COVID-19 Pressures Qtr 3

COVID-19 Pressures Movement from Qtr 3

£M

£M

£M

Bereavement Services

0.19 A

0.19 A

0

Registration Services

0.09 F

0.09 F

0

Other

0.00 F

0.02 A

0.02 F

Total

0.10 A

0.12 A

0.02 F

 

 

Cabinet agreed the following:

 

i)  Notes the General Fund revenue outturn for 2021/22 is a balanced position after transfer of £10.93M surplus to reserves, as outlined in paragraph 4 and in paragraph 2 of Appendix 1.

ii)  Notes the performance of individual Portfolios in managing their budgets as set out in paragraphs 3 to 6 of Appendix 1 and Annex 1.1.

iii)  Recommends Council to approve the budget carry-forward requests totalling £4.12M as outlined in paragraph 8 of Appendix 1 and detailed in Annex 1.3 and recommends Council to delegate responsibility to the Executive Director for Finance, Commercialisation & S151 Officer, after consultation with the Cabinet Member for Finance & Change, to approve business cases for the release of the carry forwards.

iv)  Recommends Council to note the performance of the Property Investment Fund (PIF) as detailed in paragraphs 9 to 11 of Appendix 1 and Annex 1.4.

v)  Notes that the level of General Fund balances at 31 March 2022 was £10.07M and the level of earmarked reserves was £101.89M as detailed in paragraph 18 and 19 of Appendix 1 and Annex 1.5.

vi)  Notes the accounts for the Collection Fund in 2021/22 detailed in paragraphs 24 to 30 of Appendix 1 and Annex 1.7.

 

Housing Revenue Account

 

vii)  Notes the HRA revenue outturn for 2021/22 as outlined in paragraph 6 and paragraphs 21 to 23 of Appendix 1 and Annex 1.6.

 

Capital Programme

 

viii)  Notes the actual capital spending in 2021/22 for the General Fund was £69.31M and for the HRA was £33.07M, as outlined in paragraphs 10 and 11 below and detailed in paragraphs 2 to 5 of Appendix 2.

ix)  Notes the capital financing in 2021/22 as shown in table 3 of Appendix 2.

x)  Notes the revised capital programme for 2021/22 to 2026/27 and its financing as summarised in paragraph 10 of Appendix 2 and detailed in Annex 2.2.

xi)  Notes the latest prudential indicators for the revised capital programme as detailed in Annex 2.3.

Supporting documents: