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Decision details

Decision Maker: The Cabinet

Decision status: Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

 

1.1 To note the final financial position of the Council’s departments for 2021/22.

 

1.2 To approve the amounts to be carried forward (the “Revised Over/ (Under) Spend” column of the summary in Appendix 1), namely -

 

DEPARTMENT

£’000 

Adults, Health and Well-being

(69) 

Children and Families

(97) 

Education

(60) 

Economy and Community

(72) 

Highways and Municipal

Environment

(100) 

Gwynedd Consultancy

(100) 

Housing and Property

(100) 

Corporate Management Team and Legal

(33) 

Finance

(96) 

Corporate Support

(63) 

 

1.3 To approve the following recommendations and financial virements (as outlined in Appendix 2) -

 

·       The Highways and Municipal Department to receive one-off financial support of £746k to fully abolish the overspend for the year, considering the exceptional circumstances relating to the crisis this year. This will allow the department to move on to face the challenges of 2022/23.

 

·       In order to comply with the Financial Regulations, the following departments will not keep their underspend above (£100k):

·       Environment Department (£91k)

·       Gwynedd Consultancy Department (£9k)

·       Housing and Property Department (£180)

 

The Cabinet's decision is sought to earmark a total of £280k to a fund for the post-Covid recovery fund in order to finance the associated financial challenges facing the Council.

 

·       On Corporate budgets:

·     that (£2,183k) relating to capital costs is allocated to a capital programme fund

·     with the remainder of the net underspend on Corporate budgets being earmarked as follows:

·       (£395k) placed in the Council's general balances

·       (£3,000) to the Council's Transformation fund to fund the Council's priorities and work of a transformational nature

·       (£1,377) to the post-Covid recovery arrangements Fund to fund the associated financial challenges that will be facing the Council.

 

1.4 The financial transfers from specific funds as outlined in Appendix 4 were approved following a review of the funds, harvesting (£851k) from funds and use £746k of it to assist the Highways and Municipal Department which has overspent in 2021/22 and transfer the remaining £105k to the Council's general balances.

 

Publication date: 14/06/2022

Date of decision: 14/06/2022

Decided at meeting: 14/06/2022 - The Cabinet

Accompanying Documents: