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2nd Quarter Financial Update & Performance Monitoring Report

Meeting: 07/12/2021 - Strategic Planning and Infrastructure Committee (Item 121)

121 2nd Quarter Financial Update & Performance Monitoring Report pdf icon PDF 151 KB

Additional documents:

Minutes:

The Director of Finance and Business Improvement introduced the report and stated that a £360,000 favourable variance was projected against the Committee’s revenue budget. The budget allocated for parking had been reduced due to the lower income expected from the Covid-19 pandemic but performance had actually been better than expected.  

 

There had been an overspend within the Local Plan Review (LPR) budget, however additional financial support would be provided through the corporate contingency fund for the remainder of the financial year. The future allocation of funds for the LPR would be considered as part of the budget setting process.

 

The Senior Business Analyst stated that two of the Key Performance Indicators (KPIs) had missed the target set but had achieved within 10% of the value. These were the  ‘Percentage of Priority 2 enforcement cases dealt with in time’ and the ‘Processing of planning application: Major applications’. The former’s significantly improved performance from quarter one was noted, whilst the team responsible for the latter had been providing support to the LPR through writing the Housing Allocations Policy.

 

The good performance of the other KPIs was highlighted.

 

RESOLVED: That

 

1.  The Revenue position as at the end of Quarter 2 for 2021/22, including the actions being taken or proposed to improve the position, where significant variances have been identified, be noted;

 

2.  The Capital position at the end of Quarter 2 be noted; and

 

3.  The Performance position as at Quarter 2 for 2021/22, including the actions being taken or proposed to improve the position, where significant issues have been identified, be noted.