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 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.

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 January 2022 (Period 10) forecasts for the 2021/22 financial year was an overspend of £946k 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 £8.893 million forecast overspend in Children and Families – this overspend was partially offset by the £6.524 million underspend in Technical & Countywide. The overspend in Children and Families reflected the continuing pressure on external placements. Social care staffing and disability services were also over-spending.

Capital –Theforecast outturn position for 2021/22 is £137.910 million, against the budget of £153.404 million, giving a forecast in-year slippage of 15.494 million.

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.