Issue - meetings

Financial Management 2021/22 – Quarter 2 Forecast to Year End

 

 

Meeting: 08/02/2022 - Executive (Item 326)

326 Financial Management 2021/22 – Quarter 2 Forecast to Year End pdf icon PDF 160 KB

Additional documents:

Decision:

That Executive note:

a.    The net revenue budget forecast overspend of £132k in 2021/22 ; and

 

b.    The revised capital budget for 2021/22 of £57.060m, with a forecast underspend of £15.825m, which will be carried forward to 2022/23.

 

Minutes:

The Executive Member for Financial Sustainability presented a report on the Financial Management of the Council - Quarter 2 Forecast to year end. He said that it was not unusual to have an overspend at the current point in the year and it would be managed by the Leadership Team throughout the year.

 

The Leader wanted to record her thanks to the Head of Strategic Finance and Property and his team for all their hard work and their briefing to Members was well received.

 

Councillor Williamson proposed, and Councillor Goodeve seconded a motion supporting the recommendation 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 overspend of £132k in 2021/22 be noted; and

(B)           The revised capital budget for 2021/22 of £57.060m, with a forecast underspend of £15.825m, which will be carried forward to 2022/23 be noted.