35 BCa/21/14 GENERAL FUND FINANCIAL OUTTURN 2020/21 PDF 324 KB
Cabinet Member for Finance
Decision:
It was RESOLVED: -
1.1 That the 2020/21 General Fund financial outturn of £736k surplus as set out in this report benoted.
1.2 That, the following transfers beapproved;
a) Transfer to reserves of £363k being the net amount, for specific earmarked reserves, referred to in section 6.5 of thisreport;
b) Surplus of £373k be transferred to the TransformationFund
1.3 Thatthe revenuecarry-forward requeststotalling £571kreferred toin paragraph6.12 and Appendix E of this report be approved.
1.4 Thatthe totalcapital carry-forwardrequests referredto inparagraph 6.18of thisreport totalling £13.802m be approved.
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 and carry forward requests.
Alternative Options Considered and Rejected:Transfer the entire surplus of £736k to the Transformation Fund and support the revenue carry forward requests of £571k and the capital carry forward requests of £13.802m. This does not enable other revenue reserves to be supplemented, so is not the recommendedoption.
Any Declarations of Interests Declared: None
Any Dispensations Granted: None
Minutes:
35.1 The Cabinet Member for Finance, Councillor Ward introduced the report and provided Members with details of the General Fund Financial Outturn 2020/21.
35.2 Councillor Ward proposed the recommendations in the report. This was seconded by Councillor Osborne.
35.3 Councillor Arthey referred to recommendation 3.2 and asked where the transfer of reserves figure of £363K was detailed in the report.
35.4 Councillor Ward stated that this figure could be found in paragraph 6.5 by adding up the figures for waste, planning, joint local plan and climate change and biodiversity.
35.5 Councillor Busby asked if any staff had been furloughed during the Covid-19 pandemic and the Chief Executive informed Members that no staff had been furloughed.
35.6 In response to Councillor Busby’s questions in relation to staffing for bin collections and bring sites during last year’s pandemic, the Chief Executive responded that the only service which had been disrupted had been the brown bin collection due ill health amongst staff. The household waste recycling sites, which were managed by Suffolk County Council, had remained open.
35.7 Councillor Arthey then detailed the arrangements for waste collection and the bring sites and how this related to the figures detailed in the report.
It was RESOLVED: -
1.1 That the 2020/21 General Fund financial outturn of £736k surplus as set out in this report benoted.
1.2 That, the following transfers beapproved;
a) Transfer to reserves of £363k being the net amount, for specific earmarked reserves, referred to in section 6.5 of thisreport;
b) Surplus of £373k be transferred to the TransformationFund
1.3 Thatthe revenuecarry-forward requeststotalling £571kreferred toin paragraph6.12 and Appendix E of this report be approved.
1.4 Thatthe totalcapital carry-forwardrequests referredto inparagraph 6.18of thisreport totalling £13.802m be approved.
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 and carry forward requests.