Agenda item

Revenue Management Report - Quarter 4

To consider and decide on the recommendations as set out in the associated report.

Decision:

RESOLVED –

 

1.     That the actual revenue expenditure outturn and impact on reserves for the year ended 31 March 2021 be noted.

2.     That the expected withdrawal from reserves of £1,585,000 to meet the forecast deficit at Quarter 3 would not be needed and a sum of £211,000 to be transferred to the General Fund be noted.

3.     That a new charge for the administration of applications from site owners or managers of mobile homes, following new regulations coming into force on 1 July 2021 be approved.

 

REASON FOR DECISION:

To show the actual expenditure on services compared to the revised budget for the period ending 31 March 2021, and the forecast outturn position, highlighting significant variances from the revised annual budget.

 

Minutes:

Lee Colyer, Director of Finance, Policy and Development introduced the report as set out in the agenda.

 

Discussion and questions from Members included the following:

 

-       The achievements of the Council to balance the budget and deliver a surplus in what was an extremely challenging year were applauded.

-       The money received from Government in the form of grants helped the Council to achieve a balanced budget, but it was also recognised the Council had cut its own budget by £682k. 

-       Earmarked reserves were those that the Council had classified for a specific purpose.  Appendix D provided details of those reserves.  Further details regarding earmarked reserves would be included in the statement of accounts which would be going to the Audit and Governance Committee shortly.  Details would also be available on the TWBC website.

 

RESOLVED –

 

1.    That the actual revenue expenditure outturn and impact on reserves for the year ended 31 March 2021 be noted.

2.    That the expected withdrawal from reserves of £1,585,000 to meet the forecast deficit at Quarter 3 would not be needed and a sum of £211,000 to be transferred to the General Fund be noted.

3.    That a new charge for the administration of applications from site owners or managers of mobile homes, following new regulations coming into force on 1 July 2021 be approved.

 

REASON FOR DECISION:

To show the actual expenditure on services compared to the revised budget for the period ending 31 March 2021, and the forecast outturn position, highlighting significant variances from the revised annual budget.

 

Supporting documents: