Decision details

The Business Manager - Financial Services presented a report which compared the Revised Budgets with the Projected Outturn forecast for the period ending 31 March 2022. The forecast was based on four months performance information on the Council’s revenue and capital budgets including the General Fund Revenue, HRA and Capital Programme. The accounts showed a projected favourable variance against the revised budget of £0.163m on service budgets, with an overall favourable variance of £0.148m. Appendix A to the report detailed the variances in service areas and other budgets.

The report also summarised the position for the Capital Programme up to the end of July 2021. Additions and amendments to the Programme were detailed in Appendix B to the report.

AGREED      (unanimously) that:

(a)          the General Fund projected favourable outturn variance of £0.148m be noted;

(b)          the Housing Revenue Account projected favourable outturn variance of £0.778m be noted;

(c)          the variations to the Capital Programme at Appendix C be approved; and

(d)          the Capital Programme revised budget and financing of £54.765m be approved.

Reason for Decision

To update Members with the forecast outturn position for the 2021/22 financial year.