Decision details

The Executive considered a report in respect of 4^th Quarter Revenue Budget Monitoring 2021/22 for both the General Fund and Housing Revenue Account (HRA).

It was RESOLVED:

General Fund

1.          That the 2021/22 actual General Fund net expenditure of £9.692Million be noted, subject to the 2021/22 audit of the Statement of Accounts.

2.          That the 2021/22 actual core resources of £10.198Million be noted, subject to the 2021/22 audit of the Statement of Accounts (as per Paragraph 4.7 of the report).

3.          That carry forward requests totalling £653,660 be approved for the General Fund (as per Paragraph 4.6.1 of the report).

4.          That the Transfer from reserves of £1.328Million be approved for the General Fund (as per Paragraph 4.10.2 of the report).

5.          That the changes to the 2022/23 General Fund budget savings totalling £180,840 be approved for the General Fund (as per Section 4.9 of the report).

6.          That the inflationary pressures outlined in Paragraph 4.9.4 of the report be noted.

Housing Revenue Account (HRA)

7.          That the 2021/22 actual in year HRA surplus of £2.813Million be noted, subject to the 2021/22 audit of the Statement of Accounts.

8.          That new carry forward requests totalling £972,910 be approved for the HRA (as per Paragraph 4.15.1 of the report).

9.          That the Transfer to reserves of £165,000 be approved for the HRA (as per Paragraph 4.17.2 of the report).

10.      That the changes to the 2022/23 HRA budget savings totalling £1.037Million be approved for the HRA (as per Paragraph 4.16.5 of the report).

11.      That the HRA inflationary pressures outlined in Paragraph 4.9.4 and Paragraphs 4.16.3 - 4.16.4 of the report be noted.

Reason for Decision:  As contained in report.

Other Options considered:  As contained in report.