Issue - meetings

To consider the report of the Cabinet Member for Performance and Resources seeking Members to note year-end forecasts, and the financial pressures on the Council during the 3^rd Quarter ended 31^st December 2021.

RESOLVED that it is noted that:

(1)           the forecast year end position is currently for a decrease to the Council’s General Fund balance of £222k against a budgeted decrease of £49k

(2)           the uncertainty surrounding the exact levels of grant income to be received from Government will affect the eventual financial outcome for the year

(3)           the details of specific budgetary issues identified by officers and the actions being taken to address those issues

(4)           the current level of Capital expenditure as shown in Appendix 2 to the report.

Cabinet considered the report of the Cabinet Member for Performance and Resources that sought Members to note year-end forecasts, and the financial pressures on the Council during the 3^rd Quarter ended 31^st December 2021.

The Cabinet Member for Performance and Resources summarised the report.  She noted the impact of the COVID-19 pandemic which had placed all portfolios overbudget and that the forecast position included an assumption of 75 pence in the pound of reimbursement from central government regarding pandemic related expenses.

RESOLVED that it is noted that:

(1)          the forecast year end position is currently for a decrease to the Council’s General Fund balance of £222k against a budgeted decrease of £49k

(2)          the uncertainty surrounding the exact levels of grant income to be received from Government will affect the eventual financial outcome for the year

(3)          the details of specific budgetary issues identified by officers and the actions being taken to address those issues

(4)          the current level of Capital expenditure as shown in Appendix 2 to the report.