Decision details

2021-22 Financial Monitoring - Forecast Position as at Quarter 3

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No


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 third quarter.


That Cabinet:

1.     Notes the adjusted forecast overspend of £0.551m that would need to be funded from the Directorate and General Risk Reserves at the end of 2021/22.

2.     Notes there is a forecast adverse variance of £0.747m in the delivery of 2021/22 savings.

3.     Approves the carry forward of £0.072m from Environment Services forecast underspend to enable the purchase of a replacement recovery vehicle for County Fleet Management reducing running cost as well as future maintenance costs.

4.     Notes the forecast capital spend for 2021/22 of £138.529m, of which £124.363m is capital payments controllable by the County Council and the balance, of £14.166m, relates to schemes funded by s278 developer contributions where the timing is not directly controllable by the Council.

5.     Approves the carry forward of the reprofiled spend on the capital programme of £29.255m in 2021/22 into future years and note the carry forward of s278 contributions of £2.576m that is not directly controllable by the Council.

Report author: Natalia Hodgetts

Publication date: 26/01/2022

Date of decision: 25/01/2022

Decided at meeting: 25/01/2022 - Cabinet

Accompanying Documents: