Decision details

To note the forecast revenue outturn position for 2021-22, including treasury management

RESOLVED:

1.  That the balanced general fund outturn position for 2021-22 after the application of reserves and emergency Covid-19 funding (Table 1 of the report) be noted.

2.  That the application of £13.5m 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 school grants (DSG) outturn position of a £21.7m deficit and the pressures on high needs budgets

(ii)  The continuing budget pressures within children’s social care

(iii)  The continuing budget pressures on temporary accommodation.

4.  That the utilisation of £4m contingency (paragraph 60 of the report) to offset adverse variances be noted.

5.  That the housing revenue account outturn for 2021-22 be noted (Table 2, paragraphs 61-69 of the report).

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

7.  That the treasury management activity in 2021-22 (paragraphs 85-92 of the report)be noted.

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

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