Issue - decisions
Revenue & Capital Outturn 2020/21
20/07/2021 - Revenue & Capital Outturn 2020/21
RESOLVED that the Cabinet agreed to:
1. Note the revenue budget outturn on budget position for 2020/21, after allowing for carry forwards and transfers to reserves.
2. Approve the revenue carry forward proposals listed in the tables in paragraph 3.8.
3. Approve that all over budgets are written-off as an exception to the Budget Management Rules for 2020/21.
4. Approve the transfer of £5.42m to corporate earmarked reserves, the breakdown of which is detailed in paragraph 3.9;
5. Note the revenue virements for 2020/21 reported for information in Appendix 2(i)
6. Note the reserve positions and the use of flexible capital receipts shown in paragraphs 3.18-3.20;
7. Note the outturn position of the 2020/21 capital programme in paragraph 3.35, and the funding outlined in paragraph 3.37;
8. Approve the capital rephasing and write-off of net underspends as listed in Appendix 3. This reflects the outturn spend position on projects against final budgets as detailed in Appendix 4(ii).