RESOLVED:

A.  ThatCabinetnotethefinancialreportingdataformonth8,November2021,relatingtorevenuebudgetarycontrol,showinga forecastnetadversevarianceatyearendonnetserviceexpenditureof£5.008m,increasingto£7.358mwhencorporateandfundingitemsareincluded,a decreaseof£1.177mcomparedtolastmonth

B. ThatCMTnotethecontentsofSection5 andapprovetheadjustmentstotheCapitalProgrammecontainedin Appendix5band5d,subjecttothereceiptofprojectplansforthoseschemeswherefullslippagehasbeenrequested

ThatCabinetnotethecontentsofSection5,Appendix5band5dofthereportandapprovetheadjustmentstotheCapitalProgrammein theTablebelow:

The Deputy Leader and Cabinet Member for Finance, Performance, Recovery and the Local Economy presented the report, noting that the outturn variance had increased to £7.358 million, expecting that figures would be updated in the coming months.

The Director of Corporate Services advised that the cost of Covid had marginally reduced due to an improvement in Business rates collection however this was still less than pre-pandemic figures which would affect the MTFS going forward. An update would be included within the February report.

RESOLVED:

A.  ThatCabinetnotethefinancialreportingdataformonth8,November2021,relatingtorevenuebudgetarycontrol,showinga forecastnetadversevarianceatyearendonnetserviceexpenditureof£5.008m,increasingto£7.358mwhencorporateandfundingitemsareincluded,a decreaseof£1.177mcomparedtolastmonth

B. ThatCMTnotethecontentsofSection5 andapprovetheadjustmentstotheCapitalProgrammecontainedin Appendix5band5d,subjecttothereceiptofprojectplansforthoseschemeswherefullslippagehasbeenrequested

ThatCabinetnotethecontentsofSection5,Appendix  ...  view the full minutes text for item 7