This report provides the revenue outturn position for the year 2021/22.

In accepting the recommendations, Cabinet will approve and recommend to Council that the final outturn position described in the report be noted; the transfer of £305,995 from reserves to meet the overspend in the year be approved; and the level of reserves at 31 March 2022 and those identified to support 2022/23 expenditure in line with the budget be noted.

The subject of the decision:

This report provided the revenue outturn position for the year 2021/22.

Alternative options considered:

None

The reason for the decision:

To comply with s25 of the Local Government Act 2003 to set a balanced budget and to monitor the financial position throughout the year.

The decision:

That Cabinet approves and recommends to Council that:-

(1)     the final outturn position described in the report be noted;

(2)     the transfer of £305,995 from reserves to meet the overspend in the year be approved; and

(3)     the level of reserves at 31 March 2022 and those identified to support 2022/23 expenditure in line with the budget be noted.