Issue - meetings

Revenue Budget Monitoring 2021/22 (Period 10, January 2022) and Q3 Capital Programme Update

Meeting: 22/03/2022 - Cabinet (Item 92)

92 Revenue Budget Monitoring 2021/22 (Period 10, January 2022) pdf icon PDF 136 KB

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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.