Issue - meetings

(A)           That the net revenue budget forecast over spend of £0.082 million in 2021/22 be noted (table 1); and

(B)           That the revised capital budget for 2021/22 of £50.039million, which includes £4.171m carried forward from 2020/21 to be approved as part of the Provisional Outturn report, and the forecast zero variance to that budget be noted.

The Executive Member for Financial Sustainability presented a report on Quarter 1 of the current financial year. The current predicted outturn was an £82,000 overspend and the details of the under and overspends in each service was provided in the report. Councillor Williamson said the country was still in a partial lockdown in the first half of quarter one and it was not unusual for the forecast to show an overspend at an early stage in the year.

Councillor Williamson proposed and Councillor Boylan seconded a motion supporting the recommendations in the report. On being put to the meeting and a vote taken, the motion was declared CARRIED.

RESOLVED – that (A) the net revenue budget forecast over spend of £0.082 million in 2021/22 be noted; and

(B)        the revised capital budget for 2021/22 of £50.039million, which includes £4.171m carried forward from 2020/21 to be approved as part of the Provisional Outturn report, and the forecast zero variance to that budget be noted.