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Details
Title:
Draft Financial Outturn 2021/22 and Budget Monitoring Quarter 1 2022/23
Details:
Report of the Cabinet Member with responsibility for Resources
Implementation Date (not before):
Tue 5 Jul 2022
Implementation Date Notes:
To consider an overview of the Council’s unaudited financial performance for 2021/22 in respect of the General Fund, Reserves, Housing Revenue Account (HRA), the Capital Programme and the Collection Fund.
Department:
Financial Services, Corporate Performance & Risk Management
Include Item on Forward Plan:
No
Estimated Cost:
Not Applicable
Background Papers:
Final Accounts Working Papers for 2021/22
Is the Decision Maker Aware of the Decision:
No
Is the Head of Services Aware of the Decision:
Yes
Is Decision County Wide:
Yes
Would the recommended decision be contrary to the budget and policy framework:
No
Budget Provision:
To receive an update on the unaudited 2021/22 outturn for the Council’s revenue and capital accounts, before the audited accounts are submitted for approval to the Audit and Governance Committee.
To receive financial information on the Council’s reserves and balances to assist in formulating budget policies for 2023/24 and beyond.
To receive an initial financial outlook for 2022/23.
Documents to be Given to Decision Maker:
None.
Decision Proposed:
1. That the Council’s draft outturn position for 2021/22 together with reserves and balances as of 31 March 2022 be noted.
2. That the transfers to and from reserves shown in Appendix C of the report, including the transfer of the General Fund outturn surplus, to the Short Life Asset Reserve and the Transformation Reserve, £0.585m to each reserve, be approved.
3. That the budget carry forward requests above £0.030m set out in paragraph 2.3 of the report be approved.
4. That the key financial considerations for 2022/23 as identified at Quarter 1 be noted.
Decision Conclusion:
None.
Decision Criteria
This Decision does not contain any decision criteria records.
Wards
Aldeburgh and Leiston; Beccles and Worlingham; Bungay and Wainford; Carlford and Fynn Valley; Carlton and Whitton; Carlton Colville; Deben; Eastern Felixstowe; Framlingham; Gunton and St Margarets; Halesworth and Blything; Harbour and Normanston; Kelsale and Yoxford; Kesgrave; Kessingland; Kirkley and Pakefield; Lothingland; Martlesham and Purdis Farm; Melton; Orwell and Villages; Oulton Broad; Rendlesham and Orford; Rushmere St Andrew; Saxmundham; Southwold; Western Felixstowe; Wickham Market; Woodbridge; Wrentham, Wangford and Westleton
Topics
This Decision does not contain any Topic records
Overview and Scrutiny
This Decision does not contain any Overview and Scrutiny records.
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Decision History
| 21/06/2022 16:56:43 | Matt Makin | Business Item Created | |
| 21/06/2022 16:56:43 | Matt Makin | Committee Added | Cabinet |
| 21/06/2022 16:56:43 | Matt Makin | Meeting Added | 05/07/2022 6:30PM |
| 21/06/2022 16:57:25 | Matt Makin | Ward Added | Aldeburgh and Leiston |
| 21/06/2022 16:57:25 | Matt Makin | Ward Added | Beccles and Worlingham |
| 21/06/2022 16:57:25 | Matt Makin | Ward Added | Bungay and Wainford |
| 21/06/2022 16:57:25 | Matt Makin | Ward Added | Carlford and Fynn Valley |
| 21/06/2022 16:57:25 | Matt Makin | Ward Added | Carlton and Whitton |
| 21/06/2022 16:57:25 | Matt Makin | Ward Added | Carlton Colville |
| 21/06/2022 16:57:25 | Matt Makin | Ward Added | Deben |
Approval/Comments
No history found.