Decision details

RESOLVED:

That District Executive recommend that the Chief Executive agrees to:-

a.

note the 2021/22 forecast outturn on the revenue budget.

b.

note that work is currently being undertaken by the S151 Officer, along with finance and the Senior Leadership Team, on reviewing a number of budgets as part of the preparation for producing a refreshed Medium Term Financial Plan. The results of that work could impact on current financial year.

c.

approve the transfer of the COVID-19 LA Support Grant of £837,653 into an earmarked reserve.

d.

approve the budget virement of £150,000 detailed in paragraph 22. 

e.

note the budget virements made under delegated authority as detailed in Appendix A;

f.

note the transfers made to and from reserves outlined in paragraph 24, the Area Reserves as detailed in Appendix B, and the Corporate Reserves as detailed in Appendix C.

Reason:

To provide Members with the current projection of the forecast spending and income (“outturn”) against the Council’s approved Revenue Budget for the financial year, and to explain projected variations against budget.