Decision details

The Cabinet will be asked to approve the Council’s final revenue and capital outturn position for 2021/22 and, if necessary, any appropriate in-year budget adjustments.

Cabinet resolved to:

(i)  Note the provisional revenue outturn for the General Fund for 2021/22, including individual service variances, as detailed in Appendix A to the report;

(ii)  Note the provisional outturn for the Council’s subsidiary companies BDTP and Be First, as detailed in Appendix A to the report;

(iii)  Approve the transfers to and from reserves as detailed in section 3 and Appendix B to the report;

(iv)  Note the provisional outturn for the Housing Revenue Account (HRA), reflecting an underspend of circa £11m, as detailed in Appendix C to the report;

(v)  Note the provisional outturn for the Dedicated Schools Grant (DSG) and Schools, as detailed in Appendix D to the report;

(vi)  Note the provisional outturn for the 2021/22 Capital Programme, as detailed in section 6 and Appendices E and F to the report;

(vii)  Approve the carry forward of slippage of £34.861m General Fund, £49.032m Investment Strategy and £19.231m HRA capital budget into 2022/23 and the revised total Capital Programme of £644.936m for 2022/23, as detailed in Appendices E and F to the report; and 

(viii)  Note the update on Transformation and Capital Receipts in section 7 of the report and approve the allocation of capital receipts of £5.5m from the sale of the Film Studio land to part-fund the transformation and ERP projects.