Issue - meetings
Resourcing Better Outcomes - Financial Performance Report for November (Period 8)
Meeting: 10/02/2022 - Policy and Resources Scrutiny Committee (Item 693)
693 Resourcing Better Outcomes - Financial Performance Report for November (Period 8) 
PDF 762 KB
Minute 602 (Cabinet Agenda Item No. 6 refers)
Called-in by Councillors Cox and Davidson
Additional documents:
- Appendix 1 Consolidation, item 693
PDF 1 MB
- Appendix 2 - Period 8 - November 2021 Capital Performance Programme Performance 2021-22, item 693
PDF 784 KB
- Webcast for Resourcing Better Outcomes - Financial Performance Report for November (Period 8)
Minutes:
The Committee considered Minute 602 of the meeting of the Cabinet held on 13 January 2022, which had been called-in to the Committee for scrutiny, together with a report of the Executive Director (Finance and Resources) reviewing the Council’s financial performance.
Resolved:
That the following recommendations of the Cabinet be noted:
“That, in respect of the 2021/22 Revenue Budget Performance, as set out in Appendix 1 to the submitted report:
1. That the forecast outturn for the General Fund and the Housing Revenue Account as at November 2021 and the intention to defer the previously approved use of £2.5M from Reserves to support the 2021/22 budget, be noted.
That, in respect of the 2021/22 Capital Budget Performance, as set out in Appendix 2 to the report:
2. That the expenditure to date and the forecast outturn as at November 2021 and its financing, be noted.
3. That the requested changes to the capital investment programme for 2021/22 and future years, as set out in Section 4 of Appendix 2 to the report, be approved.”
Note: This is a Council Function
Cabinet Members: Councillors I Gilbert and P Collins
Meeting: 13/01/2022 - Cabinet (Item 631)
631 Resourcing Better Outcomes - Financial Performance Report for November (Period 8) PDF 762 KB
Report of Deputy Chief Executive and Executive Director (Finance and Resources) attached
Additional documents:
- Appendix 1 Consolidation, item 631
PDF 1 MB
- Appendix 2 - Period 8 - November 2021 Capital Performance Programme Performance 2021-22, item 631
PDF 784 KB
- Webcast for Resourcing Better Outcomes - Financial Performance Report for November (Period 8)
Decision:
The Cabinet considered a report of the Executive Director (Finance and Resources) reviewing the Council’s financial performance.
Recommended:
That, in respect of the 2021/22 Revenue Budget Performance, as set out in Appendix 1 to the submitted report:
1. That the forecast outturn for the General Fund and the Housing Revenue Account as at November 2021 and the intention to defer the previously approved use of £2.5M from Reserves to support the 2021/22 budget, be noted.
That, in respect of the 2021/22 Capital Budget Performance, as set out in Appendix 2 to the report:
2. That the expenditure to date and the forecast outturn as at November 2021 and its financing, be noted.
3. That the requested changes to the capital investment programme for 2021/22 and future years, as set out in Section 4 of Appendix 2 to the report, be approved.
Reasons for Decision
The regular reporting of Revenue and Capital Budget Monitoring information provides detailed financial information to Councillors, senior officers and other interested parties on the financial performance of the Council. It also informs decision making to ensure that the Council’s priorities are delivered within the approved budget provision.
Other Options
The Council could choose to monitor its budgetary performance against an alternative timeframe but it is considered that the current reporting schedule provides the appropriate balance to allow strategic oversight of the budget by Councillors and to also formally manage the Council’s exposure to financial risk.
Note: This is a Council Function
Eligible for call-in to Policy and Resources Scrutiny Committee
Cabinet Members: Cllrs Gilbert and Collins
Minutes:
The Cabinet considered a report of the Executive Director (Finance and Resources) reviewing the Council’s financial performance.
Recommended:
That, in respect of the 2021/22 Revenue Budget Performance, as set out in Appendix 1 to the submitted report:
1. That the forecast outturn for the General Fund and the Housing Revenue Account as at November 2021 and the intention to defer the previously approved use of £2.5M from Reserves to support the 2021/22 budget, be noted.
That, in respect of the 2021/22 Capital Budget Performance, as set out in Appendix 2 to the report:
2. That the expenditure to date and the forecast outturn as at November 2021 and its financing, be noted.
3. That the requested changes to the capital investment programme for 2021/22 and future years, as set out in Section 4 of Appendix 2 to the report, be approved.
Reasons for Decision
The regular reporting of Revenue and Capital Budget Monitoring information provides detailed financial information to Councillors, senior officers and other interested parties on the financial performance of the Council. It also informs decision making to ensure that the Council’s priorities are delivered within the approved budget provision.
Other Options
The Council could choose to monitor its budgetary performance against an alternative timeframe but it is considered that the current reporting schedule provides the appropriate balance to allow strategic oversight of the budget by Councillors and to also formally manage the Council’s exposure to financial risk.
Note: This is a Council Function
Called-in to Policy and Resources Scrutiny Committee
Cabinet Members: Cllrs Gilbert and Collins
