Agenda item

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

Report of the Cabinet Member for Finance and Change seeking approval of the Revenue and Capital Outturn 2021/22.

Minor amendments to report set out below:

2. COMMUNITIES, CULTURE & HERITAGE PORTFOLIO Council page 34, COVID outturn variance for Cultural Services to read 0.13F

5. ENVIRONMENT PORTFOLIO  Council page 42

COVID pressures movement from Qtr 3 to read 0.02F

RESOLVED

General Fund – Revenue

(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)  Agrees the budget carry-forward requests totalling £4.12M as outlined in paragraph 8 of Appendix 1 and detailed in Annex 1.3.

(iv)  Delegates 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.

(v)  Notes the performance of the Property Investment Fund (PIF) as detailed in paragraphs 9 to 11 of Appendix 1 and Annex 1.4.

Housing Revenue Account

(vi)  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

(vii)  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.

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

(ix)  Approves 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.

(x)  Approves the latest prudential indicators for the revised capital programme as detailed in Annex 2.3.