Decision details

Financial Outturn 2020/21

Decision Maker: Overview and Scrutiny Committee, Cabinet

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: Yes


To update Cabinet on the Financial Outturn Report 2020-21.




                    (1)         it is noted that:


a)         the year-end position for the financial year 2020/21 is a decrease to the General Fund balance of £122k against a budgeted decrease of £48k


b)         the General Fund balance has decreased from £1.501m to £1.379m at the end of 2020/21


c)          that the level of earmarked reserves has increased by £9.738m to £13.771m, including the creation of an £8.929m Section 31 Grant Repayment Reserve


d)         the impact of Covid-19 pandemic on the Council year end position


                    (2)         the transfers to and from earmarked reserves as detailed in the table in section 6 of the report is approved.


Report author: Jon Topping

Publication date: 16/07/2021

Date of decision: 14/07/2021

Decided at meeting: 14/07/2021 - Cabinet

Effective from: 24/07/2021

Accompanying Documents: