Decision Maker: Policy and Finance
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
The Director of Resources submitted a report asking committee to agree a revised revenue budget for 2021/22 for this committee.
She reminded committee that at this time of year the estimates are revised for the current financial year in order to predict the likely outturn on the budget. The budget this year had again been particularly impacted by the Covid-19 pandemic.
Whilst committee income and expenditure may increase or decrease at the revised estimate, items such as budgeted core government funding and council tax precept remain fixed. As a result, any compensating movement is within earmarked reserves and general fund balances. Decisions and actions required as a result of committee meetings have been incorporated into the budget setting process.
Within this committee there were budget movements across two areas. Those within original estimate budgets that have been established to support service activities and those resulting from the coronavirus pandemic response for which there is no original base budget estimate for 2021/22. A detailed breakdown was provided.
She informed committee that the total difference between the revised and original estimate was a decrease in net expenditure of £81,290, or an increase in net expenditure of £55,890 after allowing for movements on earmarked reserves. The balance on coronavirus specific budgets was nil after movements in reserves. A detailed summary of the reasons for movements were summarised for members’ information.
For this committee there were a number of large variations. The largest was as a result of vacant posts within the Chief Executives Department.
RESOLVED THAT COMMITTEE:
Agree the revenue revised estimate for 2021/22.
Report author: Averil Crowther
Publication date: 19/01/2022
Date of decision: 18/01/2022
Decided at meeting: 18/01/2022 - Policy and Finance