Agenda item

Report of the Senior Leadership Team

The Director of Corporate resources introduced a report, which had been circulated in advance of the meeting, presenting the 2020/21 final budget position and associated actions.

It was pointed out that since the agenda was published, a reference to the amount of government funding made available to the Council in relation to covid tax income guarantee funding was incorrect. Due to an administrative oversight in the data collection by the MCHLG, there would be a minor reduction of £46,000 in the figure reported at paragraph 2.3.1 which will now be accounted for in 2021/22.

RESOLVED to:

1)    Note the Budget Outturn figures for 2020/21;

2)    Approve the movements in Earmarked Reserves and Provisions as detailed in paragraphs 2.4 and 2.5 of the report;

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)    Refer to Council for approval:

a)    The capital carry forwards of £1,129,800 included in Appendix 6 to the report for non-committed schemes in excess of £50,000;

b)    The overall method of financing of the 2020/21 capital expenditure as set out in paragraph 3.4 of the report

c)    The capital determinations regarding financing and debt provisions as set out in paragraph 3.5 of the report.