Decision Maker: Executive Board
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
The Board received a report from the Operational Director – Finance, which reported the Council’s overall revenue net spending position as at 31 December 2021 together with a forecast outturn position; and reported the financial impact of Covid-19 which included a summary of Government funding made available to the Council to date.
A summary of spending against the operational revenue budget up to 31 December 2021 was presented in Appendix 1, and Appendix 2 provided detailed figures for each individual Department. In overall terms the outturn forecast for the year showed that net spend would be over the approved budget by £2.998m. It was noted that this represented a significantly improved position on the forecast provided in quarter 2, where the forecast outturn was an overspend of up to £5.843m; the report outlined the reasons for the improved position. The revisions to the Capital Programme were listed in the report and the revised Capital Programme was attached at Appendix 3.
1) all spending continues to be limited to only absolutely essential items;
2) Strategic Directors take urgent action to identify areas where spending could be reduced or suspended for the remainder of the current financial year; and
3) Council be requested to approve the revisions to the Capital Programme as set out in paragraph 3.18.
Report author: Angela Roden
Publication date: 10/03/2022
Date of decision: 17/02/2022
Decided at meeting: 17/02/2022 - Executive Board