Issue - meetings

Overview of the General Fund Budget

Meeting: 05/07/2022 - Executive (Item 72)

72 Overview of General Fund Revenue Budget 2021/22 pdf icon PDF 708 KB

To consider the report of the Director Finance.

 

Additional documents:

Decision:

Agreed:

 

RECOMMENDED that Council notes and approves (where applicable):-

 

(1)  the net transfer of £6,687,965 from Earmarked Reserves as detailed in paragraph 8.11 of the report;

(2)  the supplementary budgets of £4,304,610 and budget transfers as detailed in paragraph 8.13 of the report;

(3)  the Earmarked Reserves at 31 March 2022;

(4)  the Council Tax account and collection rate;

(5)  the outstanding sundry debt, aged debt analysis and debt write-off figures;

(6)  the creditors payments performance; and

(7)  the overall financial position of the Council, and the General Fund working balance at 31 March 2022 of £5,480,752.

 

Reason for Decision: As set out in the report.

 

 

 

 

Minutes:

The Executive received the report on the overall financial position of the General Fund Revenue Budget for 2021/22 financial year. The report sought approval for the General Fund working balance, a number of supplementary budgets and the creation of new earmarked reserves.

 

The Deputy Chief Finance Officer drew Members’ attention to the comments of the Section 151 Officer and to the request for Council to approve £4.3 million of supplementary budgets, the majority of which were funded by earmarked reserves. They were affordable and, in many cases, backed by external funding.

 

RECOMMENDED that Council notes and approves (where applicable):-

 

(1)  the net transfer of £6,687,965 from Earmarked Reserves as detailed in paragraph 8.11 of the report;

(2)  the supplementary budgets of £4,304,610 and budget transfers as detailed in paragraph 8.13 of the report;

(3)  the Earmarked Reserves at 31 March 2022;

(4)  the Council Tax account and collection rate;

(5)  the outstanding sundry debt, aged debt analysis and debt write-off figures;

(6)  the creditors payments performance; and

(7)  the overall financial position of the Council and the General Fund working balance at 31 March 2022 of £5,480,752.