The Lead Member for Corporate
Services introduced the report which had been discussed at the
Corporate Services Policy Advisory Committee meeting on the 15 June
2022. A small underspend was highlighted, and was attributed to
several areas, one of which was the various grants received from
central Government.
The Capital budget underspend
was in part due to the acquisition of fewer properties for
temporary accommodation than budgeted for, which was likely to
continue to be an issue.
Within the risk report,
financial uncertainty had been increased to the highest level for
impact and likelihood to reflect the current financial
circumstances. The Council’s finances were currently very
sound.
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.
4.
Annual Performance for 2021/22 be noted.