Decision details

The Chief Officer, Financial Services, submitted a report which presented an update on the financial health of the Authority in respect of both the General Fund revenue budget and the Housing Revenue Account as at month 5 of the 2021/22 financial year.

Members discussed the projected overspend in respect of Waste Management services, as detailed within the report, with a specific request for a report to be submitted to a future Board meeting which addressed related financial and operational matters. In response, the request was noted and it was undertaken that information on such matters would be brought forward.

RESOLVED –

(a)  That the projected financial position of the Authority, as at the end of Month 5 (August) of the 2021/22 financial year, as detailed within the submitted report, be noted, together with the projected impact of COVID-19 on that position;

(b)  That for 2021/22, it be noted that the Authority is forecasting an overspend of £1.087m, as at the end of August 2021;

(c)  That it be noted that the position as detailed within the submitted report does not reflect the potential effects of any further local or national lockdown arrangements on these financial projections, or any potential additional costs arising from the current 2021/22 pay negotiations.