Issue - meetings

To receive a report from the Chief Finance Officer presenting details of the Council’s projected financial performance for 2020/21.

Executive Councillor: J Gray.

The Cabinet has:

(a)  considered and commented on the financial performance to the end of September 2021, as detailed in Appendix 1 and summarised in paragraph 3.2 of the report now submitted; and

(b)  considered and approved the proposed budget changes to the Capital Budget to accommodate reclassification of budget and in year activity not included within the Medium Term Financial Strategy as outlined in paragraph 3.3 of the report now submitted.

A report by the Chief Finance Officer was submitted (a copy of which is appended in the Minute Book) presenting details of the Council’s projected financial performance for 2021/22.

In introducing the report, the Executive Councillor for Strategic Finance reported that there had been an estimated revenue outturn underspend of £0.304m and an estimated capital outturn underspend of £10.677m. The latter was attributed to reduced activity owing to the COVID-19 pandemic. The pressure placed upon staff resources with the Development Management Service was acknowledged together with the improved performance levels achieved within the One Leisure and Operations service.

In noting the views of the Overview and Scrutiny Panel (Performance & Growth), it was

RESOLVED

that the Cabinet has:

(a)  considered and commented on the financial performance to the end of September 2021, as detailed in Appendix 1 and summarised in paragraph 3.2 of the report now submitted; and

(b)  considered and approved the proposed budget changes to the Capital Budget to accommodate reclassification of budget and in year activity not included within the Medium Term Financial Strategy as outlined in paragraph 3.3 of the report now submitted.

The Financial Performance Report 2021/22 Quarter 2 is to be presented to the Panel.