Reason
for the decision
Although this report does not
seek formal approval from Cabinet for the reported outturn, the performance for
the previous year is an important part of the financial management process as
it marks the start of the medium-term financial planning (MTFP) and budget
strategy process for 2022/23. In addition to reporting outturn, with the
financial performance for the year materially complete, it is important for
Cabinet to review the risks the organisation now faces and the areas where it
wishes to make strategic investments and to repurpose and prioritise its
reserves to facilitate these aims.
Budget
Implications
Financial implications are
set out within the detail of the report to cabinet on 22 June 2021.
Decision
(a)
That the draft, unaudited outturn position for
2020/21, be noted;
(b)
That the reserves strategy statement and
repurposing of reserves set out in this paper be approved.
There
was no conflict of interest in the decision
Decision type: Non-key
Decision status: Recommendations Approved
Notice of proposed decision first published: 23/06/2021
Decision due: 23 Jul 2021 by Portfolio Holder for Economic Growth and Levelling Up
Lead member: Portfolio Holder for Economic Growth and Levelling Up
Lead director: Executive Director, Corporate Development - Section 151 Officer
Contact: Jim McManus, Corporate Director - Finance and Commercial Email: J.McManus@dorsetcc.gov.uk.