Council and Democracy

Decision details

General Fund Budget Outturn 2020/21

Decision Maker: Cabinet, Council

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Decision:

*RESOLVED –

 

1.    That the General Fund Revenue and Capital Outturn reports for 2020/21 be noted.

 

2.    That the proposal to make a contribution from the General Fund Revenue surplus to the Business Rates Reserve to meet the 2020/21 deficit on business rates income, as set out in section 4.2.5 of the officer’s report, be approved.

 

3.    That the General Fund Revenue carry forward request, as detailed in section 4.2.6 of the officer’s report, be approved.

 

4.    That the level of General Fund Revenue Reserves and Provisions, outlined in section 4.4 and Appendix C of the officer’s report, be approved.

 

5.    That the proposal to transfer the General Fund Revenue surplus for the financial year 2020/21 to the Budget Risk Reserve, as outlined in paragraph 4.4.6 of the officer’s report, be approved.

 

6.    That the General Fund Capital financing arrangements, as set out in Appendix D of the officer’s report, be approved.

 

REASONS FOR DECISIONS

 

1.    To consider the final outturn position of previously approved General Fund Revenue and Capital budgets for 2020/21 and the effectiveness of the council’s Financial Strategy and in-year budget monitoring arrangements.

 

2.    To consider the General Fund Reserves Provisions position given the issues facing the Council over the period of the Medium-term Financial Plan.

Reason Key: Has a significant impact in environmental, physical, social or economic terms on communities;

Wards Affected: (All Wards);

Contact: Helen Fox Email: helen.fox@chesterfield.gov.uk Tel: 01246 345452.

Report author: Helen Fox

Publication date: 15/06/2021

Date of decision: 15/06/2021

Decided at meeting: 15/06/2021 - Cabinet

Accompanying Documents: