Decision details

(i)       to note the unaudited final outturn position for financial year 2020/21 as detailed in Appendix 1;

(ii)       to note that the General Fund has recorded a surplus of £0.415m for the year 2020/21, which has been added to the uncommitted working balance, which remains in line with the Reserves Policy;

(iii)      to note that the Housing Revenue Account has recorded a surplus of £0.500m for the year, in line with budget and increasing the uncommitted working balance for use in future years;

(iv)      to note that the Common Good has recorded an operating deficit of £0.273m for the year, which is better than the approved use of cash reserves. After capital receipts are included cash balances increased by £4.1m and remain in line with recommended levels;

(v)      to approve the various transfers for 2020/21, between Council Reserves and Earmarked sums for the General Fund, Housing Revenue Account, Common Good and Statutory Funds as at 31 March 2021, as detailed in Appendix 1;

(vi)      to approve the reprofiling of the 2021/22 – 2024/25 capital programmes to take account of the year end position and that the outcome of this is incorporated into the 2021/22 Quarter 1 reporting;

(vii)     to delegate authority to the Chief Officer – Finance, following consultation with the Chief Officer – Capital and Convener of City Growth & Resources Committee, to vire budgets between projects within the Council’s New Schools and Zero Waste Programmes contained in the Capital Programme, to reflect the outcomes of external procurement exercises being carried out and allow award of relevant contracts;

(viii)    to note the write off of historic school meal debts accounted for within the accounts for 2020/21, as described in Section A of Appendix 2;

(ix)      to consider and approve the writing off of further debt described in Section B of Appendix 2; and

(x)      to note that the unaudited Annual Accounts for 2020/21 will be presented to Audit, Risk and Scrutiny Committee on 12 May 2021, along with the Annual Governance Statement and Remuneration Report.