Agenda item

The Committee considered the Joint Report of the Interim Corporate Director of Resources (Interim) and Corporate Director of Neighbourhoods and Climate Change which set out details of the forecast outturn budget position for the service area. The report highlighted and explained any major variances in comparison with the budget, based on the position to the end of Quarter 3.

The Finance Manager, Neighbourhoods and Climate Change was in attendance to present the report and gave a presentation (for copy of report and presentation, see file of minutes).

Councillor Wilkes asked for an explanation of £1.33 million going back into reserves and suggested that rather than going into reserves it should be spent and asked if the government were fully covering COVID costs in relation to this Service Grouping.

The Finance Manager referred to the £1.33 million underspend and explained that this would go into a cash limit reserve for Neighbourhoods so would be carried forward to be used for initiatives that were specific to that service. Some of the overspend related to Culture and Sport so that would go into the Regeneration, Economy and Growth cash reserve. In terms of the COVID costs, the costs for this service were being covered.

Resolved: That the contents of the report be noted