17 Revenue Budget Monitoring - Quarter 1 PDF 536 KB
This report presents the forecast revenue outturn position for the current financial year 2021/22, as at Quarter 1 (30 June).
Minutes:
The Committee received a report presenting the forecast revenue outturn position for the current financial year 2021/22, as at Quarter 1 (30 June).
Following consideration, it was resolved unanimously that the Committee:
(1) Received the revenue budget monitoring report, which sets-out a projected £2.63m budget deficit for 2021/22, along with provisional funding for the deficit;
(2) Agreed that a report should be taken to Community & Wellbeing Committee to present mitigation options for the budget pressures within the Housing service, and a post implementation review of Defoe Court;
(3) Agreed that a report should be taken to Community & Wellbeing Committee to present a recovery plan for the Venues;
(4) Agreed that the updated Quarter 2 position will be reported back to Audit, Crime & Disorder and Scrutiny Committee in November.