Cabinet resolved to:
(i) Note the revenue outturn for the 2020-21 financial year, including the details of the individual service variances, as set out in sections 2 to 4 and Appendix A of the report;
(ii) Note the outturn for the Housing Revenue Account for 2020-21 as set out in section 4 of the report;
(iii) Note the update on key savings programmes, as set out in section 5 of the report;
(iv) Approve the write-off of proposed savings now assessed as no longer possible or desirable to achieve totalling £1.693m, as listed in paragraph 5.5 of the report.
(v) Note the update on the financial impact of COVID-19 and the lockdown and the financial support provided by the Government, as set out in section 6 of the report;
(vi) Approve the transfers to and from reserves as set out in section 7 and Appendix D to the report;
(vii) Note the impact of the consequent position for the Council’s reserves, as set out in Appendix E to the report;
(viii) Note the Capital Programme expenditure outturn and the detailed figures, as set out in Appendix F to the report;
(ix) Approve the carry forward of £27.4m General Fund capital programme slippage and £22.8m HRA slippage into 2021-22 and the revised total programme of £399.114m for 2021-22 as set out in Appendix G to the report;
(x) Approve the allocation of capital receipts totalling £51.624m to fund transformation costs, repay film studio land purchase costs and Becontree Heath build costs, as set out in paragraph 9.6 of the report;
(xi) Note the outturn on the Dedicated Schools Budget and the Local Management of Schools Reserves, as set out in section 11 of the report;
(xii) Note the update on the financial position of the Council’s subsidiary companies, as set out in section 12 of the report;
(xiii) Approve the write-off of the intercompany debt owed to the Council by Barking and Dagenham Reside Roding Ltd and agree that any further liabilities that arise under the development agreements and contracts that Barking and Dagenham Reside Roding Ltd was party to are settled directly by the Council who were also party to all the contracts, as referred to in section 13 of the report; and
(xiv) Agree to appoint an insolvency practitioner and wind-up Barking and Dagenham Reside Roding Ltd by a Members Voluntary Liquidation with the intention that it be a solvent liquidation.