RESOLVED that:
(1) it is noted that the:
i. year-end position for the financial year 2021/22 is a decrease to the General Fund balance of £252k against a budgeted increase of £129k.
ii. General Fund balance has decreased from £1.379m to £1.127m at the end of 2021/22
iii. level of earmarked reserves has decreased by £6.407m to £7.413m, with a release of £6.119m from the Section 31 Grant Repayment Reserve created in 2020/21 because of the Covid-19 pandemic
iv. financial implications of Covid-19 and the gradual economic recovery from the effects of the pandemic during 2021/22 on the Council year end position
v. estimated nature of some of the figures included in this report because of the cyber incident in December 2021
(2) the transfers to and from earmarked reserves as detailed in the table in section 6 of the report are approved.