Agenda item

BUDGET MONITORING REPORT 2021/22 - PERIOD 10

Summary:

 

 

 

 

Options considered:

This report summarises the budget monitoring position for the revenue account, capital programme and reserves to the end of January 2022. 

 

Not applicable.

 

Conclusions:

 

The overall position at the end of January 2022 shows an £8,774,619 underspend for the current financial year on the revenue account, this is however currently expected to deliver a full year underspend of £414,439.

 

Recommendations:

 

 

 

 

 

Reasons for

Recommendations:

It is recommended that Cabinet:

 

1)     Note the contents of the report and the current budget monitoring position.

 

To update Members on the current budget monitoring position for the Council.

 

LIST OF BACKGROUND PAPERS AS REQUIRED BY LAW

(Papers relied on the write the report and which do not contain exempt information)

 

 

System budget monitoring reports

 

 

 

Cabinet Member(s)

Cllr Eric Seward

Ward(s) affected

Contact Officer, telephone number and email: Lucy Hume, 01263 516246, Lucy.Hume@north-norfolk.gov.uk

 

 

Minutes:

The DFR introduced the report and informed Members that it covered the period up to January 2022. He added that the Council was currently projecting an underspend of approximately £400k, though a number of variables such as additional car parking income would continue to effect this figure. It was noted that the Council’s income streams had recovered well after the initial shock of Covid-19, and the income received from Central Government during the Pandemic was estimated to be approximately £140k too much, and may therefore have to be returned.

 

RESOLVED

 

1.     To note the content of the report and the current budget monitoring position.

Supporting documents: