The Committee considered the report presented by the Business Manager – Financial Services, which compared the Revised Budgets for the period ending 31 March 2021 with the Projected Outturn forecast for the period, based on meetings with Financial Services staff and the appropriate Business Manager. The budget was based on eight months’ performance information on the Council’s revenue and capital budgets, including General Fund (GF) Revenue and capital programme.
The current position for the Council was a variance of between £0.078m (unfavourable) and £(0.022)m (favourable). This was prior to any return funding from the Nottinghamshire Business Rates Pool, for which S151 Officers across the County were working to review the position.
The forecast outturn position for the Leisure & Environment Committee was an unfavourable variance of £0.242m. The main reasons for this variance were detailed within the report. It was noted that the projected outturn variances were still somewhat indicative and that they would become more accurate in subsequent months, as officers continued to refine budgets and forecasts in light of the latest information available.
AGREED (unanimously) that the report be noted.