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 |
0 |
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: