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Financial Monitoring Report - Period 9 December 2021

Meeting: 07/02/2022 - Cabinet (Item 7)

7 Financial Monitoring Report - Period 9 December 2021 PDF 994 KB

Decision:

RESOLVED:

A. ThatCabinetnotedthefinancialreportingdataformonth9,December2021,relatingtorevenuebudgetarycontrol,showinga forecastnetadversevarianceatyearendonnetserviceexpenditureof£5.373m,increasingto£7.276mwhencorporateandfundingitemsareincluded,a decreaseof£82kcomparedtolastmonth

B. ThatCMTnotedthecontentsofSection5 andapprovetheadjustmentstotheCapital Programmecontainedin Appendix5band5d

ThatCabinetnotedthecontentsofSection5 andAppendix5bofthereportandapprovedtheadjustmentstotheCapitalProgrammein theTablebelow:

Budget

2021-22

Narrative

CorporateServices

BusinessSystems- PayrollITSystem

3,000

AdditionalCosts Fundedfroma Rev.R ... view the full decision text for item 7

Minutes:

The Deputy Leader and Cabinet Member for Finance, Performance, Recovery and the Local Economy presented the report.

The Director for Corporate Services advised that there was still an anticipated adverse variance at the end of the financial year however noting that the debts owed to the authority had decreased. The report would also be brought to the Financial Monitoring Task Group later in the month.