Issue - meetings

The Cabinet Member for Finance, Performance and Core Services presented a report on the Council’s revenue budget monitoring position for the 2021/22 financial year as at 31 January 2022 (period 10).

The Council’s General Fund revenue budget for 2021/22 was £173.614m and the forecast outturn position at the end of January projected a net overspend of £4.051m once income had been taken into account, which represented a significant improvement of over £3m on the previous month’s position. 

The Cabinet Member also referred to a new, enhanced parking bay suspension service that was proposed in response to requests from utility contractors who carried out works in the Borough.

Cabinet resolved to:

(i)  Note the projected revenue outturn forecast for the 2021/22 financial year as set out in sections 2 and 3 and Appendix A of the report;

(ii)  Note the update on savings proposals, as set out in section 4 of the report; and

(iii)  Agree the introduction of charges for an enhanced parking bay suspension service, as detailed in paragraph 5.1 of the report.