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Agenda item

Quarter Four 2020/21 - Revenue Capital Outturn and Quarter One 2021/22 - Revenue and Capital Outturn

Joint Report of the Corporate Director of Resources (Interim) and Corporate Director of Regeneration, Economy and Growth – presented by the Principal Accountant, (Resources and Regeneration), Resources.   

 

Minutes:

The Chair introduced the Principal Accountant, David Watchman who was in attendance to speak to Members in relation to the Quarter Four 2020/21 Revenue Capital Outturn and Quarter One Forecast of Revenue and Capital Outturn 2021/22 (for copy see file of minutes).

 

Councillor A Reed left the meeting at 11.06am

 

The Principal Accountant referred Members to the information relating to Quarter Four 2020/21 with the service reporting an underspend of approximately £1.266 million, against a revised budget of £44.439 million, with a carry forward of £1.429 million. He noted COVID-19 costs of £8.177 million excluded from the outturn position, those costs covered by Government COVID grant.  He noted the capital spend of £62.793 million and that a request had been made to the Member Officer Working Group to carry forward the £6.418 million underspend to the current year to augment the 2021/22 Capital Programme.  He added the report broke down the figures by Heads of Service and the report also set out the variances and included more detail of the Capital Programme at Appendix 3.

 

The Principal Accountant referred Members to the information relating to Quarter One 2021/22 with the service reporting a forecast underspend of approximately £618,000, against a revised budget of £49.505 million, with COVID-19 costs of £8.035 million excluded from the forecast outturn position, those costs covered by Government COVID grant.  He noted the capital spend to 30 June 2021 of £13,448 million, from a revised service capital budget of £90.384 million

He added the report broke down the figures by Heads of Service and the report also set out the variances and included more detail of the Capital Programme at Appendix 3.

 

Resolved:

 

That the reports be noted.

 

Supporting documents:

 

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