Decision details

Performance and Revenue Outturn 2021 22

Reference: D505

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To provide the Cabinet Member with an update of the Council Plan performance position and the revenue outturn position of the Corporate Services and Budget portfolio for 2021 22.

Decision:

Councillor S Spencer introduced a report, which had been circulated in advance of the meeting, providing an update on the Council Plan performance, and setting out the Council’s final revenue outturn position for 2021-22.

 

RESOLVED to:

 

1)   Note the Council Plan performance and the revenue outturn position for 2021-22;

 

2)   Consider whether there are any further actions that should be undertaken to improve performance where it has not met the desired level;

 

3)   Note the position on General and Earmarked Reserves;

 

4)   Approve the allocation of underspend amounts and commitments to Portfolios as set out in paragraph 4.41 of the report;

 

5)   Approve the release of all the sum of £14.000m held in the earmarked reserve as a contingency against potential funding losses during the Covid-19 recovery period as set out in paragraph 4.42 of the report;

 

6)   Approve the allocation from the release of earmarked reserves and from underspends, of £10.000m to the Budget Management Earmarked Reserve, £10.000m to a reserve for inflation risks, £5.251m to a reserve for business rates risks and £4.000m to a reserve for cyber security as set out in paragraphs 4.42 to 4.45 in the report; and

 

7)   Approve contributions from the Finance and ICT budget of £0.010m to an earmarked reserve to support the modernisation of the ICT Traded Services team and £0.200m to provide temporary agency resources for the Operations team as detailed in paragraph 4.32 of the report.

Report author: Louise Scholes

Publication date: 28/07/2022

Date of decision: 28/07/2022

Decided at meeting: 28/07/2022 - Cabinet

Effective from: 05/08/2022

Accompanying Documents: