Decision details

Financial Outturn 2020-2021: Budget Monitoring - Quarter 4

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The report will set out the revenue and capital outturns for 2020-21.

Decision:

RESOLVED

 

That the Cabinet:

 

a)         notes the outturn for the financial year 2020/21 as summarised in report FIN/526.

 

b)         notes that this has been an exceptional year where it has been very difficult to do accurate financial projections.

 

Request Full Council to:

 

a)         approve the increase the capital budget for purchase of temporary accommodation from £1.1m to £2.4m to be funded from specific homelessness grants, revenue and earmarked reserves for purchase of such properties.

 

b)         approve the transfers of reserves as outlined in section 9 of report FIN/526.

 

 

Reasons for the Recommendations

 

To report to Members on the projected outturn for the year compared to the approved budget.

 

Report author: Karen Hayes

Publication date: 01/07/2021

Date of decision: 30/06/2021

Decided at meeting: 30/06/2021 - Cabinet

Effective from: 07/07/2021

Accompanying Documents: