Agenda item

10.1

The report provided the outturn monitoring statement on the City Council’s Revenue and Capital Budget Outturn as at the end of Month 12, 2021/22. The report also provided an update of the Council’s Treasury Management activity in 2021/22 and set out expectations for the coming of the year.

10.2

UNANIMOUSLY AGREED: That Strategy and Resources Policy Committee:-

1.     Note the updated information and management actions provided by the report on the 2021/22 Revenue Budget Outturn as described in the report;

2.     Approve carry forward requests for 2 items in the People portfolio

a.     £700k underspend for Local Area Committees and

b.     £972k unspent grant monies to support Clinically Extremely Vulnerable individuals.

3.     Note the updated information and management actions provided by the report on the 2021/22 Capital Programme Monitoring as described in Appendix 1 of the report.

4.     Note the annual Treasury Management Outturn report for 2021/22 as described in Appendix 2 of the report.

10.3

Reasons for Decision

10.3.1

To record formally changes to the Revenue Budget and the Capital Programme.

10.4

Alternatives Considered and Rejected

10.4.1

Several alternative courses of action are considered as part of the process undertaken by Officers before decisions are recommended to Members. The recommendations made to Members represent what Officers believe to be the best options available to the Council, in line with Council priorities, given the constraints on funding and the use to which funding is put within the Revenue Budget and the Capital Programme.

10.1

The Director of Finance and Commercial Services presented and spoke on the Outturn element of the report, which provided the outturn monitoring statement on the City Council’s Revenue and Capital Budget Outturn as at the end of Month 12, 2021/22. The report also provided an update of the Council’s Treasury Management activity in 2021/22 and set out expectations for the coming of the year.

10.2

RESOLVED UNANIMOUSLY: That Strategy and Resources Policy Committee:-

1.     Note the updated information and management actions provided by the report on the 2021/22 Revenue Budget Outturn as described in the report;

2.     Approve carry forward requests for 2 items in the People portfolio

a.     £700k underspend for Local Area Committees and

b.     £972k unspent grant monies to support Clinically Extremely Vulnerable individuals.

3.     Note the updated information and management actions provided by the report on the 2021/22 Capital Programme Monitoring as described in Appendix 1 of the report.

4.     Note the annual Treasury Management Outturn report for 2021/22 as described in Appendix 2 of the report.

10.3

Reasons for Decision

10.3.1

To record formally changes to the Revenue Budget and the Capital Programme.

10.4

Alternatives Considered and Rejected

10.4.1

Several alternative courses of action are considered as part of the process undertaken by Officers before decisions are recommended to Members. The recommendations made to Members represent what Officers believe to be the best options available to the Council, in line with Council priorities, given the constraints on funding and the use to which funding is put within the Revenue Budget and the Capital Programme.