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Issue - meetings

Budget Monitoring Report P5

Meeting: 05/10/2021 - Cabinet (Item 20.)

20. 2021/22 Period 5 Finance Report pdf icon PDF 664 KB

Additional documents:


Cabinet approved:

  1. Delegation to the Director - Economy of Place to submit a £1.1m bid to the Museum Estate and Development Fund as noted in Section 6 of Appendix A, subject to a report being brought to Cabinet for approval to accept and spend any funding awarded.
  2. Acceptance and inclusion in the 21/22 budget of £0.289m for August and September allocations of the Local Authority Practical Support for Self-Isolation grant as set out in Appendix A section 6.2
  3. Re-profiling of up to £76m slippage across the Capital Programme into future years as outlined in Appendix B2.
  4. To approve drawn down of £30,000 from the Capital Investment reserve for a feasibility study by City Funds to explore a sustainable place making investment model for Bristol.

Cabinet noted:

  1. Risks associated with the forecast outturn and the long-term financial impact on the Council as a result of COVID-19 pandemic.
  2. The significant risks within service areas of non-COVID-19 related overspend on General fund services, an overall forecast breakeven position for 21/22 at P05 and that it is expected that the risk of overspend will be managed through management actions /mitigations through the rest of the financial year.
  3. Forecasts underspend of £0.6m within the Housing Revenue Account.
  4. A forecast in-year deficit of £13.96m and a total £23.96m carried forward deficit in the ring-fenced Dedicated Schools Account (DSG).
  5. A breakeven position on Public Health services.
  6. A forecast £76.1m underspend against the approved Capital Programme.