Decision details

To consider the Council’s performance against its revenue budget in 2021/22 and the impact this has upon reserves, including the general fund.

(a)           That the draft revenue and capital outturn and the financial performance for the year ended 31 March 2023, be noted.

(b)           That the use of un-ringfenced reserves to support the overspend position in addition to increasing the general fund balance in line with the financial strategy document, be approved.

(c)           That an increase of 2.0m to the working capital loan facility available to Dorset Centre of Excellence Limited, be approved and

(d)           That authority be delegated to the Section 151 Officer to agree the terms of the loan, in consultation with the Portfolio Holder Finance.