The Director Finance and Business Improvement introduced the financial update and stated that a £200,00 favourable variance was expected by the end of the financial year due to underspending against the budget.

The Senior Business Analyst introduced the performance update; the Key Performance Indicators (KPI) for the ‘Percentage of Non-domestic Rates Collected’ and the ‘Percentage of Council Tax Collected’ had missed their targets by 1.97% and 0.66% respectively. The contributing factors were outlined. Three of the KPIs across the Council’s other Services Committees had missed their targets by more than 10%.

The Deputy Head of Audit introduced the risk management update and stated that two additional corporate risks had been added to the corporate risk register since the previous quarter; Loss of workforce cohesion and talent, and Covid-19: Community & business recovery. The updates to the other risks within the register were outlined, with the corporate leadership team continuing to review the financial uncertainty risk.

RESOLVED: That

1.  The Revenue position as at the end of Quarter 3 including the actions being taken or proposed to improve the situation, where significant variances have been identified, be noted;

2.  The Capital position as at the end of Quarter 3 be noted;

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

4.  The Risk updates, attached as Appendix 3 to the report, be noted; and

5.  The Recovery and Renewal Update, attached as Appendix 4 to the report, be noted.