Appendix 1

 

 

 

 

 

 

Part A: Executive Summary & Overview                                 Page 2     

 

Part B: Revenue Budget Q3 2021/22

B1)    Revenue Budget                                                             Page 5

 

Part C: Capital Budget Q3 2021/22

C1)     Capital Budget                                                                Page 9 

 

 

 

 

 

 

 

 

 

 

Part B

 

This report provides members with the financial position as at 31 December 2021, covering activity for both the Council as a whole and this committee’s revenue and capital accounts for the first three quarters of 2021/22.

Members will be aware of the significant uncertainty in the 2021/22 budget estimates arising from the ongoing impact of the Covid-19 pandemic, both in relation to demands on the Council to respond and the speed of local economic recovery.  Financial support from central government received during 2020/21 continues to support specific activities, and the unringfenced Covid-19 grant of £860,000 will be used to support recovery and renewal activities.

The headlines for Quarter 3 are as follows:

Part B: Revenue budget – Q3 2021/22

·         Overall net expenditure at the end of Quarter 3 for the services reporting to this committee is   £3.795m, compared to the approved profiled budget of £4.555m, representing an underspend of £0.761m.

Part C: Capital budget – Q3 2021/22

·         Capital expenditure at the end of Quarter 3 was £3.776m against a total budget of £9.798m. Forecast spend for the year is £6.120m.

The budgets in this report are the revised estimates for 2021/22.

 

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B2)  Revenue Budget 

B1.1  The table below provides a detailed summary on the budgeted net income position for CHE services at the end of Quarter 3. The financial figures are presented on an accruals basis (e.g. expenditure for goods and services received, but not yet paid for, is included). 

CHE Revenue Budget & Outturn – Quarter 3

 

B1.2  The table shows that at the end of the third quarter overall net expenditure for the services reporting to CHE is £3.795m, compared to the approved profiled budget of £4.555m, representing an underspend of £0.761m.

B1.3  The table indicates that in certain areas, significant variances to the budgeted income levels have emerged during the third quarter of the year. The reasons for the more significant variances are explored in section B2 below.

 

B2)  Variances

B2.1  The most significant variances for this Committee are as follows:                                  

 

	Positive Variance Q3	Adverse Variance Q3	Year End Forecast Variance
Communities, Housing & Environment Committee	£000
Parks & Open Spaces – The plan is to use the current underspend for number of items. These include funding for agency staff covering sickness absence, some works that need to be undertaken and a tree survey.	50		10
Crematorium - Demand for the service continues to be high. This has led to the need to realign the cremator, and surplus income is being used to fund these works.	60		30
Street Cleansing – The underspend is a consequence of staff vacancies that have now been filled, so the variance should not change significantly by the end of the year.	47		50
Public Health (Obesity) – The underspend is due to a number of unused grants that will be carried forward at the end of the year.	32		108
Homelessness Prevention - There are a number of budgets in this area that are not being fully utilised, the most significant ones being those for the guaranteed rent scheme and the homefinder scheme.	37		107

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

B1)  Capital Budget: Communities, Housing & Environment Committee (CHE)

B1.1  The position of the 2021/22 CHE element of the Capital Programme at the Quarter 3 stage is presented in Table 3 below. The budget for 2021/22 includes resources brought forward from 2020/21.

CHE Capital Programme 2021/22 (@ Quarter 3)

B1.2  Comments on the variances in the table above are as follows:

Temporary Accommodation – This is the funding for the latest phase of property acquisitions to provide accommodation for temporarily homeless families and persons. There have been no acquisitions to date.  A number may take place during the fourth quarter, but it has proved difficult to obtain properties at reasonable valuations given the current overheated housing market.

Private Rented Sector Housing and 1,000 Homes Affordable Housing Programmes – The housing team are working on various projects which are currently at different stages. Expenditure is very much indicative at this stage and expected to increase during the last quarter once schemes have progressed further and new ones are potentially secured.