Decision details

2021-22 Financial Monitoring - Forecast position as at Quarter 2

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

This report outlines the forecast financial position of the organisation at the end of 2021/22 based on the information known at the end of the second quarter.

Decision:

Resolved:

 

That Cabinet:

 

1.     Notes the adjusted forecast underspend of £0.114m that would contribute to the Directorate and General Risk Reserves at the end of 2021/22.

2.     Notes the forecast under-delivery of the 2021/22 savings requirement to the value of £0.726m.

3.     Notes the forecast capital spend for 2021/22 of £168.424m, of which £151.433m is capital payments controllable by the County Council and the balance, of £16.991m, relates to schemes funded by s278 developer contributions where the timing is not directly controllable by the Council.

4.     Approves the carry forward of the reprofiled spend on the capital programme of £15.590m in 2021/22 into future years and notes the carry forward of s278 contributions of £15.871m that is not directly controllable by the Council.

Report author: Natalia Szabo

Publication date: 26/11/2021

Date of decision: 25/11/2021

Decided at meeting: 25/11/2021 - Cabinet

Accompanying Documents: