Agenda item

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

RESOLVED:

1.    That the actual revenue expenditure outturn and impact on reserves for the year ended 31 March 2022 be noted.

2.    That the expected withdrawal from reserves of £963,000 to meet the forecast deficit at Quarter 3 would not be needed and a sum of £35,000 would be transferred into the General Fund be noted. 

REASON FOR DECISION: To show the actual expenditure on services compared to the revised budget for the period ending 31 March 2022, and the forecast outturn position, highlighting significant variances from the revised annual budget.

Councillor Andrew Hickey, Cabinet Member for Finance and Performance introduced Jane Fineman, Head of Finance and Procurement who presented the report as set out in the agenda.

RESOLVED:

1.    That the actual revenue expenditure outturn and impact on reserves for the year ended 31 March 2022 be noted.

2.    That the expected withdrawal from reserves of £963,000 to meet the forecast deficit at Quarter 3 would not be needed and a sum of £35,000 would be transferred into the General Fund be noted. 

REASON FOR DECISION: To show the actual expenditure on services compared to the revised budget for the period ending 31 March 2022, and the forecast outturn position, highlighting significant variances from the revised annual budget.