Issue - meetings

Revenue Budget Monitoring 2021/22 (Month 8)

Meeting: 18/01/2022 - Cabinet (Item 97)

97 Revenue Budget Monitoring 2021/22 (Month 8) pdf icon PDF 171 KB

Additional documents:


As detailed in the recommendation.


Councillor Johnson introduced the report which provided the latest detailed revenue budget monitoring position in 2021/22 for the Council Fund and Housing Revenue Account for the financial year and presented the position, based on actual income and expenditure, as at Month 8.


The report projected how the budget would stand at the close of the financial year, without new actions to reduce cost pressures and/or improve the financial return on efficiency planning and cost control was:


Council Fund

  • An operating surplus of (£0.716m) (excluding the impact of the NJC pay award which would be met by reserves) which was a favourable movement of (£0.061m) from the surplus figure of (£0.655m) reported at Month 7
  • A projected contingency reserve balance as at 31st March 2022 of £6.586m


Housing Revenue Account

·         Net in-year revenue expenditure forecast to be £0.548m higher than budget

·         A projected closing balance as at 31st March 2022 of £3.924m


Details on the impact to the budget due to Storm Christoph were outlined in the report which totalled in the region of £0.200m.


The Corporate Finance Manager explained that the report also detailed the position by portfolio; significant variances that month; achievement of planned in-year efficiencies; emergency funding, unearmarked reserves and earmarked reserves.




That the estimated financial impact on the 2021/22 budget be noted.