Decision details

To note the forecast revenue outturn position, including treasury management

RESOLVED:

1.  That the balanced general fund outturn position for 2020-21 after the application of reserves and emergency Covid-19 funding (Table 1 of the report) be noted.

2.  That the application of £43.5m of general Covid-19 emergency grant funding be noted.

3.  That the key adverse variations and budget pressures underlying the outturn position be noted:

(i)  The Dedicated Schools Grant (DSG) outturn position of an £20.5m deficit and the pressures on high needs budgets;

(ii)  The growing pressures within children’s social care

(iii)  the continuing budget pressures on temporary accommodation;

(iv)  additional costs associated with protecting leisure services.

4.  That the utilisation of £4m contingency to offset adverse variances be noted.

5.  That the housing revenue account outturn for 2020-21 (table 2 of the report) be noted.

6.  That the detailed movements of earmarked reserves as set out in Appendices B, C and D of the report be noted.

7.  That the treasury management activity in 2020-21 be noted.

8.  That cabinet approves the interdepartmental budget movements that exceed £250k, as shown in Appendix A of the report.

9.  That the interdepartmental general fund budget movements that are less than £250k as shown in Appendix A of the report be noted.