Decision details

2021/22 Period 3 and 4 Finance Report

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

Cabinet approved:

  1. the allocation of the Discretionary Award element of the Adult Social Care Infection Control and Testing Fund Ring-Fenced Grant 2021 as set out in Appendix C.

Cabinet delegated authority to:

  1. the Executive Director, Growth & Regeneration in consultation with the Mayor, Deputy Mayor and Cabinet Member for Finance, Governance & Performance, the Cabinet Member for Transport and the Director of Finance to submit a regional bid for the City Region Sustainable Transport Settlement for the West of England as set out in section 5.4.7 of Appendix A optimising the allocation of funding for Bristol and bring back to Full Council for approval the full proposal and detail of match funding.

Cabinet noted:

  1. the indicative impact of £35 million for 21/22 relating to Covid exceeds available resources set in the budget and some areas of planned reactive spend may not proceed.
  2. The significant risks, of £11.892m within service areas of non COVID-19 related overspend on General fund services at Period 4 and that management actions outlining how this will be managed will be included in the next finance report.
  3. Forecasts overspend of £0.3m within the Housing Revenue Account.
  4. A forecast in-year deficit of £11.1m and a total £21.1m carried forward deficit in the ring fenced Dedicated Schools Account (DSG)
  5. A breakeven position on Public Health services.
  6. A forecast £45.4m in-year underspend against the approved Capital Programme and a full reprofile will be brought back in the next finance report.
  7. The cost pressures emerging within the current capital programme particularly relating to delays and inflation caused by national supply issues.

 

Report author: Michael Pilcher

Publication date: 14/09/2021

Date of decision: 14/09/2021

Decided at meeting: 14/09/2021 - Cabinet

Effective from: 24/09/2021

Accompanying Documents: