44 BCa/21/18 GENERAL FUND FINANCIAL MONITORING 2021/22 - QUARTER 1 PDF 209 KB
Cabinet Member for Finance
Decision:
It was RESOLVED: -
1.1 That, subject to any further budget variations that arise during the rest of the financial year, the surplus position of £261k, referred to in section 6.6 and Appendix A of the report, be noted;
1.2 That the revised 2021/22 Capital Programme referred to in Appendix E and section 6.14 be noted.
REASON FOR DECISION
To ensure that Members are kept informed of the current budgetary position for both General Fund Revenue and Capital.
Alternative Options Considered and Rejected:
At this stage in the year, the financial position is for noting only.
Any Declarations of Interests Declared: None
Any Dispensations Granted: None
Minutes:
44.1 The Cabinet Member for Finance, Councillor Ward introduced paper Bca/21/18 and provided a summary of the main points in the report.
44.2 Councillor Ward proposed the recommendations in the report, which was seconded by Councillor Osborne.
44.3 In response to Councillor Busby’s questions regarding borrowing costs for capital expenditure, the Corporate Manager for Finance Services and Commissioning and Procurement explained that the Council would not pay any interest until the Council spent funding from the Capital Expenditure programme.
44.4 Councillor Busby further queried the uptake of the 25% reduction in single occupancy for council tax
44.5 In addition Councillor Busby asked if a breakdown for each Directorate could be provided for the number of staff, staff costs, the number of staff vacancies and recruitment cost.
44.6 The Assistant Director for Corporate Resources and the Corporate Manager for Finance Services and Commissioning and Procurement advised that responses to both requests would be provided outside of the meeting.
44.7 Members debated the issues including that there was a significant bounce back in property developments and that the principal reason for the increase in the workload for planning was caused by major applications for developments.
It was RESOLVED:-
1.1 That, subject to any further budget variations that arise during the rest of the financial year, the surplus position of £261k, referred to in section 6.6 and Appendix A of the report, be noted;
1.2 That the revised 2021/22 Capital Programme referred to in Appendix E and section 6.14 be noted.
REASON FOR DECISION
To ensure that Members are kept informed of the current budgetary position for both General Fund Revenue and Capital.