Issue - meetings

2021/22 Revenue and Reserve Outturn Position

Meeting: 05/07/2022 - Cabinet (Item 10)

10 2021/22 Revenue and Reserve Outturn Position pdf icon PDF 90 KB

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.

Additional documents:

Minutes:

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.