Decision details

That Cabinet:

1.     Notes the net spend in 2021/22 and the consequent revenue underspend for the organisation at the end of the year;

2.     Notes the explanations and mitigating actions for variations to budgets, and the implications on the Medium-Term Financial Strategy, as set out in Appendix A to the report;

3.     Notes the capital spend in 2021/22 and its financing and the explanations for variations on individual projects set out in the report at paragraph 5.6 and Appendix B;

4.     Approves the £3.473m carry forward of specific services’ revenue funding originally expected to be spent in 2021/22, to support the delivery of the Council Plan in 2022/23, as outlined in the report at paragraph 4.4 and Appendix D;

5.     Approves the £6.958m carry forward of funding originally approved to be resourced from the Revenue Investment Funds in 2021/22 to support the delivery of the Council Plan in 2022/23, as outlined in the report at paragraph 4.8 and Appendix E;

6.     Approves the reprofiling of the capital programme as set out in Annexes A to M to the report and require Corporate Board to give an enhanced focus to the accurate phasing of capital spend in 2022/23 and over the medium term; and

7.     Notes the current reserves position for the organisation as set out in the report at Section 4 and Appendix N.