The following recommendations were made by Cabinet to Full Council at the meeting held on 6th September:
a) Agenda item 9: Outturn Report 2021/2022
RESOLVED
To recommend the following to Full Council:
1. The provisional outturn position for the General Fund revenue account for 2021/22;
2. The transfers to and from reserves as detailed within the report (and appendix C) along with the corresponding updates to the 2022/23 budget;
3. Allocate the surplus of £615,740 to the General Reserve;
4. The financing of the 2021/22 capital programme as detailed within the report and at Appendix D;
5. The balance on the General Reserve of £2.33 million;
6. The updated capital programme for 2022/23 to 2025/26 and scheme financing as outlined within the report and detailed at Appendix E;
7. The roll-forward requests as outline in Appendix G are approved.
b) Budget Monitoring 2022/2023 – Period 4
To recommend to Full Council that £130,000 is released from the Major Repairs reserve to increase the existing capital budget for Fakenham Connect
c) Treasury Management Annual Report 2021/2022
RESOLVED
To recommend that Council be asked to resolve that the Treasury Management Annual Report for 2021/22 is approved.
d) Debt Recovery 2021/2022
RESOLVED
To recommend to Council the approval of the annual report giving details of the Council’s write-offs in accordance with the Council’s Debt Write-Off Policy and performance in relation to revenues collection.
Minutes:
The following recommendations were made by Cabinet to Full Council:
1. Outturn Report 2021/2022
It was proposed by Cllr E Seward, seconded by Cllr P Heinrich and
RESOLVED to approve:
a) The provisional outturn position for the General Fund revenue account for 2021/22;
b) The transfers to and from reserves as detailed within the report (and appendix C) along with the corresponding updates to the 2022/23 budget;
c) Allocate the surplus of £615,740 to the General Reserve;
d) The financing of the 2021/22 capital programme as detailed within the report and at Appendix D;
e) The balance on the General Reserve of £2.33 million;
f) The updated capital programme for 2022/23 to 2025/26 and scheme financing as outlined within the report and detailed at Appendix E;
g) The roll-forward requests as outline in Appendix G are approved.
One member abstained.
2. Budget Monitoring 2022/2023 – Period 4
It was proposed by Cllr E Seward, seconded by Cllr L Shires and
RESOLVED
That £130,000 is released from the Major Repairs reserve to increase the existing capital budget for Fakenham Connect.
Cllr J Rest voted against. One member abstained.
3. Treasury Management Annual Report 2021/2022
It was proposed by Cllr E Seward, seconded by Cllr R Kershaw and
RESOLVED
To approve the Treasury Management Annual Report 2021/2022
One member abstained.
4. Debt Recovery 2021/2022
It was proposed by Cllr E Seward, seconded by Cllr P Heinrich and
RESOLVED
To approve the annual report giving details of the Council’s write-offs in accordance with the Council’s Debt Write-Off Policy and performance in relation to revenues collection.
Supporting documents: