Issue - decisions

2020/21 Financial Outturn report

18/06/2021 - Financial Outturn Report 2020/21

Resolved:

 

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.