Issue - meetings

To provide information on the outturn financial position of the Council as at 31 March 2021 (report of the Portfolio Holder for Finance, Strategy and Partnerships and the Executive Director (Strategy and Resources) (S151) enclosed).

Consideration was given to the report of the Portfolio Holder for Finance, Strategy & Partnerships and the Executive Director (Strategy & Resources) (S151) which provided information on the outturn financial position of the Council as at 31 March 2021.

Members questioned what the additional £66,000 in relation to the Finance Team had been used for. The Assistant Director – Finance confirmed that this money had been an additional resource in order to administer the COVID Business Grant Scheme.

DECISION:

1)  That the report and Appendix A be noted.

2)  That the contributions to and use of reserves be agreed in line with para 5.5.1 to 5.5.3 and Appendix A, Tables 3 and 4 of the report.

RECOMMENDED TO COUNCIL:

3) The General Fund Underspend be transferred to the Council Tax Reserve

4)  That the General Fund Capital Programme and HRA Capital Programme be approved as set out in Section 4 of Appendix A.

(Other options considered:

·         To do nothing.

Reasons for decision:

·         To provide members with information on the Council’s overall financial performance in 2020/21.)