Issue - meetings

Revenue Budget Monitoring -2021/2022, Forecast Outturn To 31 March 2022 (As at 31st December 2021)

Meeting: 07/03/2022 - Joint Scrutiny Committee (Budget Monitoring) (Item 7)

7 Revenue Budget Monitoring -2021/2022, Forecast Outturn To 31 March 2022 (As at 31st December 2021) pdf icon PDF 646 KB

To consider the report of the Chief Officer Resources.

Additional documents:

Minutes:

Consideration was given to report of the Chief Officer Resources.

 

The Chief Officer Resources presented the report which provided the forecast financial outturn position across all portfolios for the financial year 2021/2022 (as forecast at 31st December 2022); the forecast financial position to the end of March 2022 across all portfolios; and the forecast outturn for Fees & Charges.

 

The overall forecast outturn as at December 2021 was a favourable variance of £4.65m, after the application of Welsh Government Hardship Funding. There had been an increase in the favourable variance of £1.835m since the September 2021 forecast position (£2.814m).

 

The forecast included actual and estimated funding from the Hardship Fund for April to December 2021 of £5.036m. The Officer confirmed that claims had been submitted, in line with the set of principles issues by Welsh Government, for Quarters 1 to 3 loss of income and £130,000 was included in the forecast for Social Services.  It had been confirmed that Welsh Government Hardship Funding would continue to March 2022.

 

The Committee AGREED to recommend that the report be accepted and Members note the financial outcomes

in the report. (Option 1)