Agenda item

It was moved, and seconded:

That the County Council was recommended to:

1.    Note the carry forwards set out in paragraph 1.16 to 1.18 of the report, which are made in line with Financial Regulations.

2.    Approve the use of underspend in excess of 1% referred to in paragraph 1.20 to 1.24 as follows:

a)    The transfer to reserves for "non-business as usual" activity described in paragraph 1.20.

b)    The creation of and transfer of £0.300m to a new earmarked reserve for Council Elections described in paragraph 1.21 and approval for underspends on election budgets to be transferred automatically to the said reserve in future years.

c)    The transfer of £2.200m to the Financial Volatility earmarked reserve as described in paragraph 1.223.

d)    The creation of and transfer of £2.304m to a new Coronavirus Recovery Reserve described in paragraph 1.24.

3.    Note the transfers to and from reserves carried out in 2020/21 and note the position of Earmarked Reserves as at 31 March 2021 as shown in Table F of this report.

4.    Note the position of the General Reserves as set out in paragraph 1.28 and Table G.

5.    Note the financial performance in 2020/21 as set out in Table H

6.    Approve the transfer of the remaining £1.8m in the Support to Business Reserve to the Financial Volatility Reserve as described in paragraph 1.25.

An amendment by the Labour Group was moved and seconded as follows:

Delete 'The transfer of £2.200m to the Financial Volatility earmarked reserve as described in paragraph 1.23' and replace with

Insert 'The Transfer of £2.2million to Children's Services to address unmet need in the current financial year for additional education provision for Children in Care, and to increase early intervention service for emotional wellbeing and mental health.

(NOTE: Councillor S R Parkin declared an interest in relation to educational tuition and left the meeting for the duration of the agenda item)

Upon being put to the vote, the amendment was lost.

Upon being put to the vote, the motion was carried, and it was

RESOLVED

That the County Council:

1.    Note the carry forwards set out in paragraph 1.16 to 1.18 of the report, which are made in line with Financial Regulations.

2.    Approve the use of underspend in excess of 1% referred to in paragraph 1.20 to 1.24 as follows:

e)    The transfer to reserves for "non-business as usual" activity described in paragraph 1.20.

f)     The creation of and transfer of £0.300m to a new earmarked reserve for Council Elections described in paragraph 1.21 and approval for underspends on election budgets to be transferred automatically to the said reserve in future years.

g)    The transfer of £2.200m to the Financial Volatility earmarked reserve as described in paragraph 1.223.

h)   The creation of and transfer of £2.304m to a new Coronavirus Recovery Reserve described in paragraph 1.24.

3.    Note the transfers to and from reserves carried out in 2020/21 and note the position of Earmarked Reserves as at 31 March 2021 as shown in Table F of this report.

4.    Note the position of the General Reserves as set out in paragraph 1.28 and Table G.

5.    Note the financial performance in 2020/21 as set out in Table H

6.    Approve the transfer of the remaining £1.8m in the Support to Business Reserve to the Financial Volatility Reserve as described in paragraph 1.25.