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.