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Issue - meetings

Finance & Performance 2021/22 Monitor 2

Meeting: 18/11/2021 - Executive (Item 60)

60 2021/22 Finance and Performance Monitor 2 pdf icon PDF 279 KB

The Chief Operating Officer to present a report which sets out details of the council’s overall finance and performance position for the period from 1 April 2021 to 30 September 2021, together with an overview of any emerging issues.

Additional documents:

Decision:

Resolved:  That the finance and performance information, and the actions needed to manage the financial position, be noted.

 

Reason:     To ensure expenditure is kept within the approved budget.

Minutes:

The Chief Operating Officer presented a report which set out details of the council’s overall finance and performance position for the period from 1 April 2021 to 30 September 2021, together with an overview of any emerging issues. 

 

The Covid-19 pandemic continued to have a significant impact on the council’s financial position and performance.  The gross financial pressures facing the council were projected at £9.1m.  After mitigation and further action, as set out in the report and Annex 1, it was considered that this could be brought down to a net position of £4.6m.  The council had £6.9m of general reserves that would need to be called upon should the out-turn not be within the approved budget. 

 

Despite the challenges faced, performance across the organisation, and levels of resident and customer satisfaction, had remained high.  Performance against the core indicators in the Council Plan was set out in paragraphs 22-25 of the report and in Annex 2.  The two indicators with a worsening direction of travel, due mainly to a direct adverse effect from Covid-19, were listed in paragraph 25. 

 

Resolved:  That the finance and performance information, and the actions needed to manage the financial position, be noted.

 

Reason:     To ensure expenditure is kept within the approved budget.


 

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