Issue - decisions

Quarter 2 (2021/22) Corporate Finance Performance Report

01/12/2021 - Corporate Finance Performance Quarter Ending 30 September 2021 (Cab.1.12.2021/9)

RESOLVED that Cabinet:-

 

CORPORATE FINANCE PERFORMANCE

 

1.    Notes the forecast 21/22 General Fund financial pressure of £22.7 Million, mostly comprised of the ongoing impact of COVID-19;

 

2.    Notes the overall improving net impact (after all specific Government funding) of £3.1Million;

 

3.    Notes that this net impact will be funded from resources previously set aside within the 21/22 budget, effectively ensuring the delivery of a balanced budget this year;

4.    Notes the current 21/22 forecast of a £0.4M overspend position on the Housing Revenue Account; and

5.    Approves the write off of historic bad debts totalling £0.618M.

 

CAPITAL PROGRAMME PERFORMANCE

 

1.    Notes the forecast position on the approved Capital Programme; and

 

2.    Notes the ongoing review of the capital programme.

 

TREASURY MANAGEMENT

 

1.    Notes the key messages from the Council’s Quarter 2 Treasury Management activities.