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Decision details
Budget Monitoring Outturn Report P9
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To provide an update to Cabinet for period 9.
Decision:
Cabinet Approved:
- The acceptance and adjustment to the
Council budget for the following grants as outlined in Appendix A
Section 9:
- Protect and Vaccinate Funding - £0.914m
- Adult Social Care Omicron Support Grant - £0.507m
- That unless by exception, the next financial update to Cabinet will be the end of year Outturn Report (i.e. to not report the P10m position)
Cabinet noted:
- The forecasted overspend position of £0.2m within the General Fund.
- The General Fund risks within service areas of non-COVID-19 related overspend on services which continue to be managed via management actions /mitigations within the financial year.
- The ongoing risks associated with the forecast outturn and the long-term financial impact on the Council as a result of the COVID-19 pandemic.
- A forecast underspend of £2.06m within the Housing Revenue Account.
- A forecast in-year deficit of £16.7m and a total £26.7m carried forward deficit in the ring-fenced Dedicated Schools Account (DSG).
- A breakeven position on Public Health services.
- A forecast £2.9m underspend against the latest approved Capital Programme’s Budget.
- The allocation of grant income from Homes England in relation to the Affordable Homes Programme 2021- 2026 for the shared ownership units at Airport Rd development (£480,000) and for Cedar House Social rented units (£1,750,000) that have been accepted under delegated authority.
Report author: Simon Cowley
Publication date: 08/02/2022
Date of decision: 08/02/2022
Decided at meeting: 08/02/2022 - Cabinet
Effective from: 17/02/2022
Accompanying Documents:
- Decision pathway Report Template P9 PDF 594 KB
- P09 Appendix A - Revenue Budget Monitoring PDF 697 KB
- P09 Appendix A1 - People PDF 998 KB
- P09 Appendix A2 - Resources PDF 606 KB
- P09 Appendix A3 - Growth and Regeneration PDF 906 KB
- P09 Appendix A4 - HRA PDF 689 KB
- P09 Appendix A5 - DSG PDF 536 KB
- P09 Appendix A6 - Public Health PDF 536 KB