Decision details

RESOLVED:

That the Executive:

a)    Noted the Council’s draft outturn position for the General Fund 2021/22 which is an underspend of £1.771m and the Housing Revenue Account 2021/22 which is an underspend of £0.538m as summarised in section 4, alongside the further analysis which is set out in Section 5 and Section 6 of this report.

b)    Approved the following transfers to reserves which are reflected in the draft outturn position.

Transfer to reserves included within individual Directorates:

·         Homelessness (Section 5.30) - £228k

·         General Risk Reserve (Leisure – Section 5.36) - £0.556m

·         Planning Reserve (JPU – Section 5.47) - £224k

·         Capital General Fund (MRP – Section 5.98) - £1.494m

Transfer to Earmarked Reserves from Available Resources:

·         Smoothing Reserve – Home to School Transport £2.500m

·         Smoothing Reserve – Knuston Hall - £0.600m

·         Smoothing Reserve – NORSE - £1.100m

·         Budget Delivery Reserve - £0.750m

·         Members Empowerment Fund - £78k

In addition, a further £1.5m is to be transferred to the Transformation Reserve to enable investment into the Council’s Highway’s function to improve important elements of the Highways across North Northamptonshire

c)    Noted the assessment of the 2021/22 savings as shown in Appendix A.

Reason for Recommendations – to note the draft outturn position for 2021/22, approve the transfer to reserves and consider the impact on this year and future years budgets.