Agenda item

Report of the Cabinet Member for Finance and Resources and the Cabinet Member for Housing and Property.

(Notice is hereby provided that this item has not been included on the Forward Plan and is being considered in accordance with the General Exception Rule under Article 17, paragraph 17.7.2 c) of the Council’s Constitution as it cannot reasonably be deferred to the next meeting of Cabinet)

Purpose of report

To approve the Council’s provisional outturn position for the financial year 2020/21.

Decision

On being put to the vote, it was AGREED:

1.    To recommend to Governance and Audit Committee the provisional revenue and capital outturn report and associated appendices for the financial year 2020/21.

2.    To recommend to Governance and Audit Committee the proposed reserve movements.

3.    To approve the budget carry forwards to be included into the 2021/22 budget framework.

4.    To approve that the allocation of the Covid recovery reserve to be delegated to the Chief Executive and the Section 151 Officer in consultation with the Cabinet Member for Finance and Resources.

Other options considered and rejected

No other options were considered.

Reason for the decision

The Cabinet Member for Finance and Resources introduced the report which set out the Council’s provisional outturn position for the financial year 2020/21. The document provided an update on the financial position of the Authority and recommended actions to ensure that financial resources were in line with the budget and targeted towards the Council’s priorities.