Issue - meetings

The Board received a report from the Operational Director – Finance, advising of the Council’s overall revenue net spending position as at 30 September 2021, together with a forecast outturn position.

Appendix 1 presented a summary of spending against the operational revenue budget up to 30 September 2021 and Appendix 2 provided detailed figures for each individual Department.  It was reported that in overall terms the outturn forecast for the year showed that net spend would be over the approved budget by between £4.0m and £5.843m.  Appendix 3 presented the Capital Programme as at 30 September 2021, highlighting the schemes which had been revised.

It was noted that the forecast overspend position was inclusive of operational day to day net spend and cost and loss of income attributable to Covid.  Operational net spend was forecast to be up to £5.108m above budget at year end; this figure being approximately 9.6% higher than the figure of £4.661m forecast at quarter one.  All forecasts were based on current service demand and estimated future costs and income levels, as described in the report.

RESOLVED:  That

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 3.16.