Issue - meetings
Monthly Budget Monitor, including funding allocations and adjustments to the capital programme (Month 6 - 2021/22)
Meeting: 25/11/2021 - Executive (Item 849)
Additional documents:
- Appendix 1 - 2021-22 GF Key Variances - Month 6, item 849
PDF 201 KB
- Appendix 2 - 2021-22 Revenue by Service Area - Month 6, item 849
PDF 388 KB
- Appendix 3 - 2021-22 Transformation Fund Appendix - Month 6, item 849
PDF 190 KB
- Appendix 4 - 2021-22 Capital Appendix - Month 6, item 849
PDF 736 KB
- Webcast for Monthly Budget Monitor, including funding allocations and adjustments to the capital programme (Month 6 2021/22)
Decision:
AGREED RECOMMENDATIONS
Reasons for decision – to ensure the
financial resilience of the council
Other options considered - none
Conflicts of interest / dispensations granted - none
Minutes:
RESOLVED:
a) That the forecast 2021/22 General Fund budget variance be noted (Section 3, Table 1 and Appendices 1-2 of the report).
b) That the forecast in-year budget variance on the Housing Revenue Account (HRA) be noted (Section 4 of the report).
c) That the estimated 2021/22 drawdowns from the transformation fund be noted (Section 3.49, Table 2 and Appendix 3 of the report).
d) That the 2021/22 capital expenditure forecast of £124.608m be noted; and it be nored that a review of the profiling of the capital programme is currently underway as part of the 2022/23 budget setting process (Section 5, Table 3 and Appendix 4 of the report).
e) That the allocation of £1.500m Community Infrastructure Levy funding to the Toffee Park Redevelopment Project proposedby the Borough Investment Panel on 14 October 2021 be noted. This will be profiled in the future year capital programme for consideration and approval as part of the 2022/23 budget report (Section 5 and paragraph 5.5 of the report.)
Reasons for decision – to ensure the
financial resilience of the council
Other options considered - none
Conflicts of interest / dispensations granted - none