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Decision details

Council Financial Performance - Quarter 4, 2021/22 - RES/22/136

Decision Maker: City Growth and Resources Committee

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No


(i)             to note the unaudited final outturn position for financial year 2021/22 as detailed in Appendix 1;

(ii)           to note that the General Fund has recorded an operational surplus of £1.310m for the year 2021/22, which has been added to the earmarked sum set aside for Covid resilience. The uncommitted General Fund reserve remains in line with the approved 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 surplus of £1.620m for the year, which is better than the approved use of cash reserves. After investment valuation changes and capital receipts are included cash balances increased by £5.378m and remain in line with recommended levels;

(v)           to approve the various transfers for 2021/22 between Council Reserves and Earmarked sums for the General Fund, Housing Revenue Account, Common Good and Statutory Funds as of 31 March 2022, as detailed in Appendix 1;

(vi)          to approve the reprofiling of the 2022/23 - 2025/26 capital programmes to take account of the year end position and that the outcome of this is incorporated into the 2022/23 Quarter 1 reporting;

(vii)        to note that the unaudited Annual Accounts for 2021/22 will be presented to Audit, Risk and Scrutiny Committee on 30 June 2022, including the Annual Governance Statement and Remuneration Report for the year; and

(viii)       to record its thanks and gratitude to Council staff involved in ensuring the Council meets its quarterly budgetary targets throughout a particularly challenging environment in 2021/22.

Publication date: 27/06/2022

Date of decision: 21/06/2022

Decided at meeting: 21/06/2022 - City Growth and Resources Committee

Accompanying Documents: