Decision Maker: Corporate and Community Overview and Scrutiny Committee, Cabinet, Council
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
To provide the financial outturn for
RECOMMENDED that Council: -
(a) approve that the final revenue surplus for the year of £6.8 million is added to financial resilience reserve with the extra £3.5m not assumed in the 2022/23 budget being used to mitigate the emerging inflationary cost of living pressures; and
(b) approve the capital virement as set out in paragraph 97.
RESOLVED that Cabinet: -
(c) approves the capital virements to accept new government grants as set out in paragraph 96.
Portfolio Holder: Leader of the Council
· To comply with accounting codes of practice and best practice which requires councils to report their end of year financial position compared with the budget of the authority.
· To comply with the council’s financial regulations regarding budget virements and the acceptance of new grants
Report author: Nicola Webb
Publication date: 24/06/2022
Date of decision: 22/06/2022
Decided at meeting: 22/06/2022 - Cabinet
Effective from: 02/07/2022