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Issue - meetings
Finance Update
Meeting: 14/09/2021 - Cabinet (Item 15.)
15. 2021/22 Period 3 and 4 Finance Report 
PDF 596 KB
Additional documents:
- P04 Appendix A - Revenue Budget Monitoring, item 15.
PDF 773 KB
- P04 Appendix A1 - People, item 15.
PDF 648 KB
- P04 Appendix A2 - Resources, item 15.
PDF 663 KB
- P04 Appendix A3 - Growth and Regeneration, item 15.
PDF 694 KB
- P04 Appendix A4 - HRA, item 15.
PDF 818 KB
- P04 Appendix A5 - DSG, item 15.
PDF 509 KB
- P04 Appendix A6 - Public Health, item 15.
PDF 540 KB
- P04 Appendix B - Capital Budget Monitoring, item 15.
PDF 463 KB
- Appendix C - Infection Control Fund and Rapid Testing, item 15.
PDF 320 KB
Decision:
Cabinet approved:
- 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:
- 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:
- 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.
- 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.
- Forecasts overspend of £0.3m within the Housing Revenue Account.
- A forecast in-year deficit of £11.1m and a total £21.1m carried forward deficit in the ring fenced Dedicated Schools Account (DSG)
- A breakeven position on Public Health services.
- 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.
- The cost pressures emerging within the current capital programme particularly relating to delays and inflation caused by national supply issues.