Decision details

The Committee considered the report presented by the Business Manager – Financial Services which provided Members with the 2020/21 financial outturn position on the Economic Development Committee’s revenue and capital budgets including: the General Fund (GF) Revenue; and the Capital Programme.

It was reported that the financial outturn position to 31 March 2021 for the Committee’s revenue services was unfavourable with a variance of £0.204m, the reasons for which being detail in Appendix A to the report.  It was also reported that the financial outturn position to 31 March 2021 for the Committee’s capital programme was a favourable variance of £0.326m, of which £0.325m required re-profiling to 2021/2022.  Details of the financial implications would be reported to the Policy & Finance Committee on 24 June 2021.

In considering the report a Member noted the encouraging position of the Newark Lorry Park but queried as to the reason for the negative variant at the Newark Beacon, adding that other workshop were showing a positive variant.  In response, the Chairman stated that the type of business who used the Newark Beacon were often able to work from home and that they had chosen to do so throughout the pandemic.  A further Member referred to the comments of the Business Manager – Asset Facilities & Car Parks at the last meeting of the Committee, adding that it may be beneficial to consider how the Council could vary who utilised the facility. 

The Director – Planning & Growth advised that he would amend the Forward Plan to include a report to the next meeting of the Committee on the Newark Beacon, taking into account the Members comments.

AGREED      (unanimously) that the report be noted.