Decision details
Financial Monitoring Report (based on Performance April to July 2021 inclusive)
Decision Maker: Cabinet, Council
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
To provide an update on the 2021/22 General
Fund, Capital Programme and Housing Revenue Account
Decisions:
RESOLVED:
That the Cabinet:-
(a) notes the latest budget forecasts of the General Fund and Capital; and
(b) recommends that Council approves additional budget provision of £300,000 for Housing Void works and notes the latest budget forecast, including £180,000 shortfall in rental income within the Housing Revenue Account.
REASONS FOR DECISION:
As set out in the report.
KEY DECISION:
Report to Cabinet and Full Council.
PORTFOLIO:
Finance, Investment and Corporate Services / All.
ALTERNATIVE OPTIONS CONSIDERED/REJECTED:
As set out in the report.
DECLARATIONS OF INTEREST(S):
None.
DISCUSSION:
The Portfolio Holder introduced the report and highlighted the latest position with regard to the ongoing negotiations for the national pay award. Whilst this could change, the report reflected the current offer. The revised Health and Leisure budget was also highlighted, with a strong Council wide financial position for the current year.
The Portfolio Holder for Partnering and Wellbeing highlighted the positive impact of the partnership arrangements with Freedom Leisure and the upcoming centre enhancement programme, delivered through these new arrangements.
Other reasons / organisations consulted
N/A
Consultees
Executive Management Team – Portfolio
Holder – Finance, Investment and Corporate Services
Contact: Alan Bethune, Strategic Director of Corporate Resources & Transformation, Section 151 Officer Email: alan.bethune@nfdc.gov.uk.
Report author: Alan Bethune
Publication date: 03/09/2021
Date of decision: 01/09/2021
Decided at meeting: 01/09/2021 - Cabinet
Accompanying Documents:
PDF 639 KB