To consider a report of the Executive Member for Finance and Governance and the Director of Finance and Systems.
The Executive Member for Finance and Governance and the Director of Finance and Systems submitted a report which inform Members of the 2021/22 outturn figures relating to both Revenue and Capital budgets. It also summarised the outturn position for Council Tax and Business Rates within the Collection Fund. In discussion, responses were given to a number of detailed questions, including in relation to the Council’s provision for inflation; and it was agreed that more information would be provided outside the meeting in relation to the Council’s PWLB loan facility and to decarbonisation capital works at schools.
(1) That the report and the revenue outturn position be noted, showing a budget underspend of £1.530m, which has been transferred to the Budget Resilience, Innovation and Change Reserve.
(2) That the reserves position, as detailed in paragraph 15 and Appendix 8 to the report, be noted.
(3) That the final capital programme outturn position as detailed in paragraphs 30 to 47 of the report be noted.