Agenda item

Joint Report of the Corporate Director of Neighbourhoods and Climate Change and the Corporate Director of Resources (Interim) and Treasurer to the Joint Committee.

The Joint Committee considered a joint report of the Corporate Director of Neighbourhoods and Climate Change and the Corporate Director Resources (Interim) and Treasurer to the Joint Committee which set out details of income and expenditure in the period 1 April 2021 to 31 August 2021, together with the forecast outturn position for 2021/22, highlighting areas of over / underspend against the revenue budgets at a service expenditure analysis level.

The report also detailed the funds and reserves of the Joint Committee at 1 April 2021 and forecast outturn position at 31 March 2021, taking into account expenditure to date and forecasts to the year end (for copy see file of Minutes).

The Finance Manager explained that, factoring in overspends, the additional cremations as referred to by the Bereavement Services Manager and Registrar meant that the updated projected outturn showed a surplus (before transfers to reserves and distribution of surpluses to the partner authorities) of £42,727 more than the budgeted position, mostly as a result of income above budget.  It was noted that the major variances were set out at paragraph 11 onwards, by subjective analysis area.  It was added that paragraph 14 set out the details relating to the capital programme, with a projected underspend of £50,038.  Members were asked to note the main variances were an overspend due to the requirement for the replacement of three cooler cassettes, offset as the re-lining of two cremators was no longer required. 

The Finance Manager noted the report also set out details in terms of the retained reserves at 31 March 2021.

Resolved:

That the April to August 2021 financial monitoring report and associated provisional revenue and capital outturn positions at 31 March 2021, including the projected year end position with regards to the reserves and balances of the Joint Committee be noted.