Agenda item
Report on the Council's Finance and Performance in 2021/22
To receive a report from the Interim Director of Resources
Minutes:
The Interim Director of Resources reported on the Council’s Finance and Performance in 2021/22.
The Council delivered a £2.1m revenue surplus after allowing for budgets of £16,345 that will be carried over to 2022/23 relating to work in Economic Development that would take place in the first quarter of 2022/23.This surplus was in the context of performance recovering from Covid-19 faster than the cautious budget predicted when it was set in lockdown in January 2021.
The Council received one-off Covid-19 compensation grants from Government for some loss of income and non-ringfenced ‘expenditure’ grants totalling £1.13m, offsetting the operational budget deficit that was set. The Council’s non-operational income from Council tax and these grants meant that an overall surplus of £2.1m was generated in 2021/22.
Capital expenditure amounted to £4.7m which was 56% of the approved £8.3m capital programme.
The General Fund Reserve had not been completed and audited.
Supporting documents:
- 2021-22 Outturn covering report Finance and Performance - OSC 6 June 2022 final, item SO/9 PDF 282 KB
- Appendix A - Outturn Highlight report 31 March 2022, item SO/9 PDF 639 KB
- Appendix B - Revenue outturn, item SO/9 PDF 210 KB
- Appendix C - Capital outturn, item SO/9 PDF 562 KB
- Appendix D - Useable Reserves unaudited, item SO/9 PDF 60 KB
- Appendix E - Transformation Fund, item SO/9 PDF 169 KB
- Appendix F KPI report Q4 and EOY 2122, item SO/9 PDF 600 KB
- Appendix G Corporate Plan update end of year 2122 REVISED, item SO/9 PDF 745 KB