Issue - meetings

(A)That the funding of the General Fund revenue outturn of £116k overspend from the general reserve be approved.

(B)That the revenue budgets of £414k be carried forward from 2020/21 to 2021/22; and

(C)That the capital budgets of £4.271m be carried forward to 2021/22 to fund ongoing capital schemes.

The Executive Member for Financial Sustainability presented a report on the council’s provisional outturn at the close of the last financial year. He explained the figure was provisional as it was subject to verification by the external auditors. The outturn has shown an overspend of £116,000 which had been funded by general reserves. Councillor Williamson said the pandemic had an effect on revenue and the government grants did not cover the council’s full losses and whilst that level of overspend would be considered high in a normal year, in the current circumstances, it was to be expected.

The Executive Member for Financial Sustainability said that £414,000 would be carried forward to the 2021/22 budget to fund IT projects and £4.27 million would be carried forward to 2021/22 budget to fund ongoing capital schemes.

Councillor Haysey said the Council were aware that the financial situation was not going to get any easier and Members were conscious of the work being done by Officers to stay within budget and to be a financially prudent council.

Councillor Williamson proposed and Councillor Buckmaster seconded a motion supporting the recommendations in the report. On being put to the meeting and a vote taken, the motion was declared CARRIED.

RESOLVED – that (A) the funding of the General Fund revenue outturn of £116k overspend from the general reserve be approved;

(B)       That the revenue budgets of £414k be carried forward from 2020/21 to 2021/22; and

(C)       That the capital budgets of £4.271m be carried forward to 2021/22 to fund ongoing capital schemes.