Issue - meetings

The Board considered a report from the Operational Director – Finance, advising of the Council’s overall revenue and capital net spending outturn position for the year 2020/21.

It was reported that the final accounts for 2020/21 were nearing completion.  The revenue spending position for each Department was shown in Appendix one; which presented a summary of spending against the operational revenue budget; and Appendix two provided detailed figures for each individual Department.  In overall terms, the outturn position for the year showed that net spend was under the approved budget by £2.340m.   This was a significant improvement on the forecast overspend of £1.180m reported at the end of quarter 3.  The reasons for the improved financial position were presented in the report and the key budget variances for the quarter were noted in the following Departments:

·         Children and Families;

·         Adult Social Care Department;

·         Education, Inclusion and Provision;

·         Public Health and Public Protection;

·         Finance; and

·         Policy, Planning and Transportation.

Members were also advised of the financial impact of Covid-19 and a summary of the general Government funding made available to the Council to date was outlined. 

RESOLVED:  That the report be noted.