On 29
June 2021, Cabinet:-
(i) Noted the City
Council’s Outturn position for 2020/21, as detailed in the report and appendix
(the finalisation of the figures is subject to External Audit);
(ii) Approved the transfer
of £8.2m of the £78.7m revenue underspend to the Delivery Plan Reserve, as set
out in paragraph 4.19 of the report;
(iii) Approved the transfer
of £12.1m of the revenue underspend to the City Clean Up Reserve, as set out in
paragraph 4.13 of the report;
(iv) Approved the transfer of
£2.0m of the revenue underspend to the Major Events Reserve, as set out in
paragraph 4.12 of the report;
(v) Approved the transfer of
£5.5m of the revenue underspend to the General Policy Contingency Reserve and
the increase of £5.5m in the General Policy Contingency Budget in 2021/22 by
approving the release of this amount from the reserve as set out in paragraph
4.14 of the report;
(vi) Approved the transfer of
£10.0m of the revenue underspend to Community Recovery Plan Reserve, as set out
in paragraph 4.15 of the report;
(vii) Approved the transfer of
£36.4m of the revenue underspend to the Budget Smoothing Reserve, as set out in
paragraph 4.16 of the report;
(viii) Approved the transfer
of £2.5m of the revenue underspend to the Council House Refurbishment Reserve,
as set out in paragraph 4.17 of the report;
(ix)
Approved the transfer of £2.0m of the revenue
underspend to a SEND Reserve, as set out in paragraph 4.18 of the report;
(x) Approved the transfer of
£17.5m to the Covid Reserve, as set out in paragraph 4.3 of the report;
(xi)
Approved the other uses of and contributions to Grant
and Earmarked Reserves and Balances set out in paragraphs 4.20 of the report;
(xii)
Noted the reallocation from the Financial
Resilience Reserve (FRR) to General Fund Reserve as agreed by Cabinet on 10
November 2020 as set out in Appendix A paragraph 4.21 of the report;
(xiii)
Noted the transfer to the Delivery Plan Reserve
of the balances on the Invest to Save Reserve and the Capital Fund Reserve as
set out in paragraph 4.22 of the report;
(xiv)
Approved the further transfer to the Delivery
Plan Reserve from earmarked Policy Contingency Reserve as set out in paragraph
4.23 of the report;
(xv)
Approved the use of £1.8m of the Delivery Plan
Programme Management Reserve in 2021/22 that is proposed to be carried forwards
from 2020/21 as set out in paragraph 4.24 of the report:
(xvi)
Approved
the use of £15.5m of Improved Better Care Fund (IBCF) Reserves in 2021/22 that
are proposed to be carried forwards from 2020/21 as set out in paragraph 4.25
of the report;
(xvii)
Approved
the use of £12.1m of City Clean Up Reserves in 2021/22 that are proposed to be
carried forwards from 2020/21 as set out in paragraph 4.26 of the report;
(xviii)
Approved
the use of £2.5m of Council House Refurbishment Reserve in 2021/22 that are
proposed to be carried forwards from 2020/21 as set out in paragraph 4.27 of
the report.
(xix)
Noted the
resource allocations with Specific and General Policy Contingency as set out in
paragraph 4.28 of the report;
(xx)
Approved
the use of £0.4m of General Policy Contingency in 2021/22 to fund improvements
in Home to School Transport, as set out in paragraph 4.29 of the report;
(xxi)
Approved
the financing of capital expenditure for 2020/21 as set out in Appendix A Annex
B of the report;
(xxii)
Approved
the delegation of authority to the Director of Council Management to approve
additional equity investments to InReach (Birmingham) Limited as set out in
paragraph 4.30 of the report;
(xxiii)
Approved
additional investment to the HRA Housing Improvement Programme in 2021/22 as
set out in paragraph 4.31 of the report;
(xxiv)
Noted the
Treasury Management Annual Report as set out in Appendix A Annex C of the
report;
(xxv)
Noted the
Housing Revenue Account outturn position as set out in Appendix A Annex D of
the report;
(xxvi)
Noted the
outturn position on the Collection Fund as set out in Appendix A Annex E of the
report.
THE
DEADLINE FOR CALL IN IS 1600 HOURS ON MONDAY 5 JULY 2021.