To consider a report of the Executive Member for Finance and Governance and Director of Finance and Systems.

The Executive Member for Finance and Governance and the Director of Finance and Systemssubmitted a report which informed Members of the 2020/21 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 a number of issues were raised including the extent to which the Council’s investment strategy supported revenue spending, and the treatment of unspent monies received in connection with Covid-related grants.

            RESOLVED –

(1)       That the report and the revenue outturn position showing a budget underspend of £2.804m, which will be transferred to the Budget Support Reserve, be noted.

(2)       That the reserves position as detailed in paragraph 7 and Appendix 2 of the report be noted.

(3)       That the final capital programme outturn position as detailed in paragraphs 27 to 40 of the report be noted.