Issue - meetings
BUDGET MONITORING 2021/22 - PERIOD 8 (APRIL TO NOVEMBER 2021)
Meeting: 02/02/2022 - Accounts and Audit Committee (Item 44)
44 BUDGET MONITORING 2021/22 - PERIOD 8 (APRIL TO NOVEMBER 2021) 
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To consider a report of the Executive Member for Finance and Governance & Director of Finance and Systems.
Minutes:
The Executive Member for Finance and Governance and the Director of Finance and Systemssubmitted a report which informed Members of the current 2021/22 forecast outturn figures relating to both Revenue and Capital budgets. It also summarised the latest forecast position for Council Tax and Business Rates within the Collection Fund. It was noted that the report, which disclosed a favourable variance since the previous monitor, had been referred to and considered by the Executive at its meeting on 24th January, 2022.
The Director of Finance and Systems gave details of the key factors which had contributed to a significant favourable variance since the previous reports. An opportunity was provided for Members to raise comments on the report’s content. These focussed on expectations in respect of the airport dividend, and business loans made to the same party, and the challenges of making ongoing savings, especially in the context of single-year financial settlements.
RESOLVED – That the updated positions on the revenue budget, collection fund and capital programme be noted.
