Issue - meetings

Report of Chief Finance Officer

Lead Cabinet member: Councillor Zoe Nicholson

(Non-key decision):

(1) To note the General Fund, HRA and Collection Fund financial performance for the quarter ended September 2021.

(2) To agree the amended capital programme as set out in Appendix 2a and 2b to the report.

Reason for decision:

To enable Cabinet members to consider specific aspects of the Council’s financial performance.

The Cabinet considered the report of the Chief Finance Officer, updating members on the Council’s financial performance in quarter 2 2021/22.

The General Fund position at the end of June, reported a net underspend of £33K. The Housing Revenue Account at the end of June, reported an underspend of £353K.

In response to a question from Councillor Meyer with regards to ensuring a commitment to spending its HRA budget, the Chief Finance Officer advised that any underspend due to Covid or capacity issues would be carried over to next year’s budget. The Director of Service Delivery added that part of the underspend was due to a pause in the repairs and capital maintenance programme because of supply issues, but it was expected that this would catch up by year-end and the majority of the HRA budget would be spent.

Policy and Performance Advisory Committee (PPAC), held on 30 November 2021, considered the report and were supportive of the officer recommendations in full. Councillor Boorman, Vice-Chair of PPAC, was in attendance to present PPAC’s discussion. 

Resolved (Non-key decision):

(1) To note the General Fund, HRA and Collection Fund financial performance for the quarter ended September 2021.

(2) To agree the amended capital programme as set out in Appendix 2a and 2b to the report.

Reason for decision:

To enable Cabinet members to consider specific aspects of the Council’s financial performance.