Issue - meetings

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 December 2021

(Period 9) forecasts for the 2021/22 financial year is an overspend of

£1.937 million 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 the forecast capital year end position as at the end of November

2021 of £137.147 million against the current budget of £153.294 million.

3. Approve the £450k increase to the capital programme as outlined in

Section B.

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

The forecast revenue year end position based on December 2021 (Period 9) forecasts for the 2021/22 financial year was an overspend of £1.937 million all of which is non Covid-19 related. A balanced position was forecast in relation to Covid-19 expenditure and income.

The largest non-Covid-19 budget variance was the £8.608 million forecast overspend in Children and Families – this overspend was partially offset by the £6.533 million underspend in Technical & Countywide.

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

RESOLVED to:

1. Note the forecast revenue year end position based on December 2021

(Period 9) forecasts for the 2021/22 financial year is an overspend of

£1.937 million 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 the forecast capital year end position as at the end of November

2021 of £137.147 million against the current budget of £153.294 million.

3. Approve the £450k increase to the capital programme as outlined in

Section B.