Agenda item

AGREED

1.      That the final outturn of revenue and capital spending for 2021/22 be approved;

2.      That the capital financing proposals as set out in paragraph 1.16 be approved;

3.      That the variations to the capital programme, as set out in paragraph 1.12 and Appendix E, be approved;

4.      That the net variations of £16.696m not spent in 2021/22 on the Capital Programme, be re-profiled and carried forward into 2022/23 as per appendices F and G;

5.      That the movement in Provisions and Impaired Estimates on Debtors be noted;

6.      That the creations of the new reserves, as outlined in paragraph 1.27, be approved; and

7.    That the individual contributions to, and withdrawals from, the revenue and capital Usable Reserves be approved.

The Leader and Portfolio Holder for Strategy, Performance & Finance presented a report which set out the 2021/22 financial outturn position on the Council’s revenue and capital budgets, including: General Fund Revenue; Housing Revenue Account; Capital programme; Provisions and Impaired Estimates on Debtors; Usable Reserves; and the Collection Fund. The report provided a summary of actual income and expenditure compared to the revised budget and how any surpluses / deficits had been allocated to / from reserves.

The accounts showed a favourable variance of £1.613m on service budgets with a total favourable variance of £2.044m which was broken down in the report. The Leader gave the context to the level of the positive variance and how this may be applied going forward.

AGREED      (unanimously) that:

(a)      the final outturn of revenue and capital spending for 2021/22 be approved;

(b)      the capital financing proposals as set out in paragraph 1.16 be approved;

(c)       the variations to the capital programme, as set out in paragraph 1.12 and Appendix E, be approved;

(d)      the net variations of £16.696m not spent in 2021/22 on the Capital Programme, be re-profiled and carried forward into 2022/23 as per appendices F and G;

(e)      the movement in Provisions and Impaired Estimates on Debtors be noted;

(f)       the creations of the new reserves, as outlined in paragraph 1.27, be approved; and

(g)      the individual contributions to, and withdrawals from, the revenue and capital Usable Reserves be approved.

Reasons for Decision

To approve the Financial Outturn position for the Council for the 2021/22 financial year.