Issue - meetings

Cabinet Members: Finance and Corporate Service

Forward Plan Ref: 2022/067

Contact: Louise Tustian, Head of Insight & Corporate Programmes, louise.tustian@oxfordshire.gov.uk; Kathy Wilcox, Head of Financial Strategy, 07788 302163

Report by Corporate Director Customers, Organisational Development & Resources (CA6).

The Cabinet is RECOMMENDED to:-

a.    To note the Annual Report for 2021/22.

b.    To note the summary of the provisional year - end financial position for 2021/22 along with the year-end position on general balances and earmarked reserves as set out in Annex B.

c.    To note the virements set out in Annex B-2.

d.    To agree that the surplus on the On-Street Parking Account at the end of the 2021/22 financial year that has not yet been applied to fund eligible expenditure in accordance with Section 55(4) of the Road Traffic Regulation Act 1984, can be carried forward to the 2022/23 financial year as set out in Annex B-3c.

e.    To approve the transfer of £4.6m underspends to general balances as set out in paragraph 6.6.

f.     To approve the updated risk share arrangements for the pooled budgets for Live Well and Age Well services from 1 April 2022 to 31 March 2023 as set out in paragraph 8.1.

g.    To approve the use of directorate underspends to offset the £1.2m overspend on COVID-19 costs related to High Needs in Children’s Services as set out in paragraph 7.1.

Recommendations agreed

Cabinet considered a report presenting the Council’s annual performance report and provisional year-end finance position for 2021/22.

Councillor Glynis Phillips, Cabinet Member for Corporate Services, introduced the report which acknowledged the challenges presented by the Covid pandemic and the excellent partnership working with the NHS and city and district councils.  The partnerships were continuing to work well in supporting refugees from Ukraine and host families.  The report showed the initial progress made in the first year of the administration’s strategic plan.

Councillor Calum Millar, Cabinet Member for Finance, referring to the Provisional Revenue Outturn, particularly noted the underspend of $4.6m and its transfer to general balances which he believed was a prudent approach in challenging times.

The Chair put the recommendations which were agreed.

RESOLVED:

a)              To note the Annual Report for 2021/22.

b)              To note the summary of the provisional year - end financial position for 2021/22 along with the year-end position on general balances and earmarked reserves as set out in Annex B.

c)              To note the virements set out in Annex B-2.

d)              To agree that the surplus on the On-Street Parking Account at the end of the 2021/22 financial year that has not yet been applied to fund eligible expenditure in accordance with Section 55(4) of the Road Traffic Regulation Act 1984, can be carried forward to the 2022/23 financial year as set out in Annex B-3c.

e)              To approve the transfer of £4.6m underspends to general balances as set out in paragraph 6.6.

f)                To approve the updated risk share arrangements for the pooled budgets for Live Well and Age Well services from 1 April 2022 to 31 March 2023 as set out in paragraph 8.1.

g)              To approve the use of directorate underspends to offset the £1.2m overspend on COVID-19 costs related to High Needs in Children’s Services as set out in paragraph 7.1.