Decision details

To consider and note the financial outturn reports in relation to revenue, capital & treasury management. Make rollover decisions as appropriate based on the finalised financial position.

1)    That, in regards to General Fund, (i) the revenue outturn position for 2020/2021, including Covid-19 impacts, be noted (ii) the year end position on corporate reserves and balances including Covid-19 impacts be noted (iii) the proposed use of pre-existing reserves be reaffirmed and the proposed use of new reserves, as set out in section 1.9 of the report, be endorsed (iv) regular monitoring and review of corporate reserves in 2021/2022 be reported to Cabinet as part of the quarterly financial monitoring cycle and (v) the use of the Council’s flexible receipts strategy for year end capitalisation of £2.3m transformation related costs in 2020/2021.

2)    That the year end position on the Collection Fund including Covid-19 impacts be noted.

3)    That the Housing Revenue Account revenue outturn and reserves position 2021/2022 be noted.

4)    That the Council capital outturn position fore 2020/2021 be noted.

5)    That approval be given to £26.9m capital rollover from 2020/2021 to 2021/22

6)    That approval be given to the revised capital plan for the period 2021-2026, after taking into account rollover, the re-phasing of schemes and changes to grant assumptions.

7)    That the review of treasury management activity for 2020/2021 be noted.