Decision details

Financial Montoring Report 2021/22

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To provide an update on the year-end forecast for the 2021/22 County Council’s Revenue and Capital Budgets

 

Decision:

Cllr Lynden Stowe provided an update on the year-end forecast for the 2021/22 County Council’s Revenue and Capital Budgets.

 

 

Having considered all of the information. Cabinet noted the report and

 

RESOLVED to:

 

1. Note the forecast revenue year end position based on January 2022

(Period 10) forecasts for the 2021/22 financial year is an overspend of

£946k all of which relates to non-Covid-19 expenditure, as we are

forecasting a balanced position in relation to Covid-19 expenditure and

income.

 

2. Note delivery of the £5.717 million of savings against a target of £6.761

million in 2021/22 or 84.6% of target.

 

3. Note the forecast capital year end position as at the end of December

2021 of £137.910 million against the current budget of £153.404 million.

 

4. Approve the £1.041 million increase to the capital programme as

outlined in Section C.

 

Report author: Cllr Lynden Stowe

Publication date: 23/02/2022

Date of decision: 23/02/2022

Decided at meeting: 23/02/2022 - Cabinet

Effective from: 03/03/2022

Accompanying Documents: