Agenda item

RESOLVED that Cabinet:-

1.    noted the 2020/21 draft revenue final accounts position as set out within the report;

2.    noted the final position for the General Fund being an operational overspend of £3.1M (after setting aside money to fund scheme slippage & known expenditure commitments in 21/22, as set out in Appendix 1) and agreed that this be funded via a re-prioritisation of strategic reserves as agreed as part of the COVID-19 financial recovery strategy / Government compensation for taxation losses;

3.    noted the split of this position between the impact brought about by the pandemic on additional costs and income streams and the Council’s wider business as usual activity;

4.    noted the estimated financial cost and funding plan to deal with the ongoing impact of the pandemic during the 21/22 financial year;

5.    noted the final position on the Housing Revenue Account, being an operational underspend of £0.8M;  and

6.    approved the write off of historic bad debts totaling £0.780M as detailed in Section 4 of the report.

RESOLVED that Cabinet:-

1.    noted the 2020/21 draft revenue final accounts position as set out within the report;

2.    noted the final position for the General Fund being an operational overspend of £3.1M (after setting aside money to fund scheme slippage & known expenditure commitments in 21/22, as set out in Appendix 1) and agreed that this be funded via a re-prioritisation of strategic reserves as agreed as part of the COVID-19 financial recovery strategy / Government compensation for taxation losses;

3.    noted the split of this position between the impact brought about by the pandemic on additional costs and income streams and the Council’s wider business as usual activity;

4.    noted the estimated financial cost and funding plan to deal with the ongoing impact of the pandemic during the 21/22 financial year;

5.    noted the final position on the Housing Revenue Account, being an operational underspend of £0.8M;  and

6.    approved the write off of historic bad debts totaling £0.780M as detailed in Section 4 of the report.