Decision Maker: Cabinet
Decision status: Decision Made
Is Key decision?: No
Is subject to call in?: Yes
To receive the financial position as at the end of June 2021.
1. That at Quarter 1 net expenditure on services year to date was £3,337,000, £159,000 less than budget, be noted;
2. That by year end the Council anticipated net expenditure of £15,269,000 on services, £48,000 over budget, be noted; and
3. That by year end the Council anticipated receiving an increase in funding of £1,388,000, an overall improvement to budget of £1,340,000 which would reduce the budget deficit that was to be met from reserves, be noted.
REASON FOR DECISION: To show the actual expenditure on services compared to the revised budget for the period ending 30 June 2021, and the forecast outturn position, highlighting significant variances from the revised annual budget.
Report author: Jane Fineman
Publication date: 23/09/2021
Date of decision: 23/09/2021
Decided at meeting: 23/09/2021 - Cabinet
Effective from: 01/10/2021