Report of Director of Resources enclosed.
The Director of Resources submitted a report for information on the position for the period April to September 2021 of this year’s revenue budget as far as this committee was concerned.
The main variations were highlighted. The comparison between actual and budgeted expenditure within service cost centres shows an underspend of £188,176 for the April to September period of the financial year 2021/22. After allowing for transfers to/from earmarked reserves there was an underspend of £203,496.
The balance of grant funds accounted for within coronavirus specific cost centres of £920k have increased the underspend within this committee to £1.16m. Whilst for the period to September coronavirus funding had had a significant impact that had created a large underspend on the net cost of services within this committee, many of the variances would resolve as the year progresses and grant funds are either paid out or allocated to specific coronavirus response activities.