Issue - meetings

This report contains the revenue and capital outturn for the first six months of the year ending 30 September 2021.  It also contains predictions of forecasts of revenue and capital expenditure to year end (31 March 2022). Finally, the report contains a brief update from the provisional Local Government Settlement received on 16^th December 2021.

RECOMMENDATIONS

That Cabinet notes:

A.    the revised projections and main revenue variances highlighted in Paragraph 4.1 and Appendices 1 and 2.

B.    the provisional full year revenue outturn position as of 30 September 2021 of an £612K overspend as detailed in Table 4.3.

C.   the capital outturn position as of 30 September 2021. To date the capital programme has underspent against profiled against budget by £9.863m. This is shown in Table 5.3.

DECISION

That Cabinet noted:

A.       the revised projections and main revenue variances highlighted in Paragraph 4.1 and Appendices 1 and 2.

B.       the provisional full year revenue outturn position as of 30 September 2021 of an £612K overspend as detailed in Table 4.3.

C.       the capital outturn position as of 30 September 2021. To date the capital programme has underspent against profiled against budget by £9.863m. This is shown in Table 5.3.

This report contained the revenue and capital outturn for the first six months of the year ending 30 September 2021.  It also contained predictions of forecasts of revenue and capital expenditure to year end (31 March 2022). Finally, the report contained a brief update from the provisional Local Government Settlement received on 16th December 2021.

It was noted that although no questions were asked, that Member's discussions with Officers around this topic outside of the meeting were ongoing. Whilst recognising that services were underspending their budgets and the overspend was attributable to a drop in income, the Chairman encouraged Officers to seek further opportunities to close the gap on any overspend across the rest of the financial year.

It was recognised that the report provided a snapshot in time and that the quarter three report was hoped to be brought forward to Cabinet in March (and therefore Overview and Scrutiny Committee in February) rather than April.

DECISION

That Cabinet noted:

A.       the revised projections and main revenue variances highlighted in Paragraph 4.1 and Appendices 1 and 2.

B.       the provisional full year revenue outturn position as of 30 September 2021 of an £612K overspend as detailed in Table 4.3.

C.       the capital outturn position as of 30 September 2021. To date the capital programme has underspent against profiled against budget by £9.863m. This is shown in Table 5.3.