Decision details

Financial Outturn Report 2020/21

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No


Report on the outturn position of the Council for the financial year 2020/21, including savings achievement, reserves position and carry forward requests




That Cabinet:


a)                Notes the net spend in 2020/21 and the consequent revenue underspend for the organisation at the end of the year;


b)                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;


c)                 Notes the capital spend in 2020/21 and its financing and the explanations for variations on individual projects set out in paragraph 5.6 and Appendix B.


d)                Approves the £6.221m carry forward of specific services’ revenue budget from 2020/21, to support the delivery of the Council Plan in 2021/22, as outlined in paragraph 4.4 and Appendix D;


e)                Approves the reprofiling of the capital programme as set out in Annexes A to M and require Corporate Board to give an enhanced focus to the accurate phasing of capital spend in 2021/22 and over the medium term;


f)                  Notes the current reserves position for the organisation as set out Section 4 and Appendix N.


Report author: Natalia Hodgetts

Publication date: 18/06/2021

Date of decision: 17/06/2021

Decided at meeting: 17/06/2021 - Cabinet

Accompanying Documents: