43 MCa/21/17 GENERAL FUND FINANCIAL MONITORING 2021/22 - QUARTER 1 PDF 221 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 £103k, 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:
43.1 The Cabinet Member for Finance, Councillor Whitehead, introduced Paper MCa/21/17 and drew the relevant issues to the attention of Cabinet.
43.2 Councillor Whitehead proposed the recommendations set out in the report, which was seconded by the Cabinet Member for Assets and Investments, Councillor Gould.
43.3 The Cabinet Member for Finance, Councillor Whitehead, responded to questions from other Members attending the meeting including the allocation of the funds in the Growth and Efficiency Fund and the refurbishment and repair of Stowmarket Leisure Centre. The Assistant Director for Corporate Resources would provide additional responses to the questions outside the meeting.
43.4 The Assistant Director for Commercial Development and Regeneration responded to a question regarding the Grant Funding and confirmed that some of the funding for the two main mandatory grants would have to be repaid to Central Government due to the restrictions attached to the grants.
43.5 The Cabinet Member for Finance, Councillor Whitehead, responded to further questions from other Members attending the meeting regarding the positive variance for development management and stated that this was a result of additional income, but that it was a difficult area to forecast in relation to development management income.
43.6 In response to questions regarding the Capital Programme for disabilities facilities and empty homes, the Assistant Director for Housing outlined the past year’s development put in place to improve the services to residents.
By a unanimous vote.
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 £103k, 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 Budgets.