10 Budget outturn and budget carry forwards 2021/22 PDF 320 KB
Report of the Senior Leadership Team
Additional documents:
Minutes:
Consideration was given to a report of the Senior Leadership Team, which was referred to Council by Cabinet.
RESOLVED to:
1) Approve the movements on earmarked reserves and provisions;
2) Note the capital carry-forward budgets approved by the Chief Financial Officer in accordance with Financial Regulations;
3) Approve the carry forward of non-committed capital budgets from 2021/22 as additions to the 2022/23 in accordance with Financial Regulations; and
4) Approve the method of financing the 2021/22 capital expenditure which includes making the determinations required for the minimum revenue provision.
113 Budget outturn and budget carry forwards 2021/22 PDF 320 KB
Report of the Senior Leadership Team
Additional documents:
Minutes:
The Director of Corporate Resources introduced a report, which had been circulated in advance of the meeting, informing Members of the budget outturn and budget carry forwards for 2021/22.
The report also asked Cabinet to note the final outturn position for 2021/22 and:
1) Approve the movements on earmarked reserves and provisions
2) Note the capital carry forward budgets approved by the Chief Financial Officer in accordance with financial regulations;
3) Approve the carry forward of non-committed capital budgets from2021/22 as additions to the 2022/23 budget in accordance with financial regulations; and
4) Recommend that Council approve the method of financing the 2021/22 capital expenditures which includes making the determinations required for the minimum revenue provision.
RESOLVED to:
1) Note the budget outturn figures for 2021/22;
2) Approve the movements in earmarked reserves and provisions as detailed in paragraphs 2.4 and 2.5 respectively;
3) Note the capital carry forwards approved by the Chief Financial Officer included in appendix 6 to the report, being amounts not in excess of £50,000 and committed schemes above £50,000;
4) Approve the capital carry forwards of £1,494,300 included in appendix 6 to the report for non-committed schemes in excess of £50,000; and
5) Refer to full Council for approval:
i. The overall method of financing of the 2021/22 capital expenditure as set out in paragraph 3.4; and
ii. The determination of the minimum revenue provision for the repayment of debt as set out in paragraph 3.5.