Decision details

RESOLVED

(a) that the draft outturn for 2020/21 showing an underspend of £35,000 against the approved revenue budget (after carry forwards and contributions to balances, reserves and provisions) be noted;

(b) that the 2020/21 revenue outturn be approved, including transactions on earmarked reserves and provisions, spending against budget, treatment of over and under spending and the implications for balances, as set out in the tables and the narrative of the Report;

(c) that the 2020/21 capital outturn be approved including spending against budget and proposed carry forwards, in accordance with the tables;

(d) that the use of capital finance as set out in the Determination of Capital Finance section 11 of the Report also be approved;

(e) that a total of £14.257 millions be set aside from revenue resources as Minimum Revenue Provision (provision for credit liabilities to repay

debt);

(f) that the Prudential Indicators as set out in section 10 of the Report be noted;

(g) that the total monies owing to the Council as at 31st March 2021 also be noted; and

(h) that the Cabinet place on record their gratitude to the County Treasurer and her team for their exceptional management of the Council’s finances during a very difficult year.