Decision Maker: Babergh Cabinet
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
To note the Outturn position for the General Fund and approve transfers to reserves.
It was RESOLVED: -
1.1 That the 2021/22 General Fund financial outturn of £1.382m surplus as set out in this report be noted.
1.2 That the revenue carry-forward requests totalling £420k be noted.
1.3 That the following transfers be approved;
a) Surplus of £394k be transferred to the Strategic Priorities Reserve
b) £500k be transferred to a new Inflationary Pressure Reserve
c) £345k to be transferred to the Planning Legal Reserve
d) £143k to be transferred to the Waste Reserve
1.4 That the total capital carry-forward of £17.306m be noted.
REASON FOR DECISION
To ensure that Members are kept informed of the outturn position for both General Fund Revenue and Capital and to approve earmarked reserve transfers.
Alternative Options Considered and Rejected:
The recommended option is set out in the Recommendations. There are no other available options.
Any Declarations of Interests Declared: None
Any Dispensation Granted: None
Publication date: 07/07/2022
Date of decision: 05/07/2022
Decided at meeting: 05/07/2022 - Babergh Cabinet
Effective from: 15/07/2022
Accompanying Documents: