Contact your Parish Council


Issue - meetings

4th Quarter Finance, Performance & Risk Monitoring Report 2021/22

Meeting: 15/06/2022 - Corporate Services Policy Advisory Committee (Item 14)

14 4th Quarter Finance, Performance & Risk Monitoring Report 2021/22 pdf icon PDF 151 KB

Additional documents:

Minutes:

The Lead Member introduced the 4th Quarter Finance, Performance and Risk Monitoring Report 2021/22.  The year end underspend was highlighted and the Lead Member informed the committee that there was ongoing debate in the Executive on the treatment of it, with it going into either a general or a specific reserve.

 

The Capital slippage was brought to the committee’s attention, with the main contributing factor being the difficulty in acquiring properties for temporary accommodation and the need to balance operating in a hot property market, where the method of sale was often via sealed bids, and deliver on homelessness.

 

It was highlighted that the Treasury Management had not changed and the Lead Member was supportive of the steady and sound approach the Council already undertook.

 

The changing corporate risk analysis, with the increased risk rating of

Finance risks due to the changing economic circumstances was brought the committee’s attention.

 

RESOLVED: That

 

1.  The Revenue position as at the end of Quarter 4 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 4 be noted;  

 

3.  The Performance position as at Quarter 4 for 2021/22, including the actions being taken or proposed to improve the position, where significant issues have been identified, be noted; and

 

4.  Annual Performance for 2021/22 be noted.