Agenda item

The Chair introduced the Finance Manager - Neighbourhoods and Climate Change, Phil Curran who was in attendance to speak to Members in relation to the Quarter Four 2020/21 Revenue Capital Outturn (for copy see file of minutes).

The Finance Manager - Neighbourhoods and Climate Change referred Members to the information relating to Quarter Four 2020/21 with the service reporting an underspend of approximately £1.1 million, against a revised budget of approximately £112 million.  He noted COVID-19 costs of £7.125 million excluded from the outturn position, those costs covered by Government COVID grant.  He added the report broke down the figures by Heads of Service and the report also set out the variances.  Members noted the Cash Limit Reserve carried forward for Neighbourhoods and Climate Change was £1.294 million and this gave a level of flexibility in terms of any unbudgeted expenditure in the future.  It was added that the forecast outturn took into account net contributions to reserves of £3.2 million, consisting of a contribution to reserves of £4 million for future service initiatives, and also COVID-19 funding that was carried forward to 2021/22, as well as a £700,000 drawdown from reserves to fund the cost of the North Pennines Area of Natural Outstanding Beauty (ANOB) for that financial year.  He noted the revised capital spend of £43.713 million with an underspend of approximately £8 million, with more detail of the Capital Programme being set out at Appendix 3.

Resolved:

That the report be noted.