Council and Democracy

Agenda item

Month 2 Budget Monitoring 2021/22 and Updated Medium Term Financial Plan

Minutes:

Pursuant to Cabinet Minute No.28 (2021/2022) the Acting Chief Finance Officer submitted a report outlining the budget position at the end of the second month, covering the General Fund Revenue budget, the General Fund Capital Programme and the Housing Revenue Account Revenue and Capital Budgets.

 

RESOLVED –

 

 

1.      The position of the General Fund Revenue account at the close of month two of the financial year 2021/22 and the updated medium term financial plan, as outlined in sections 4.2 and 4.5 of the officer’s report, be noted.

 

2.      The changes to the medium-term financial plan, as outlined in sections 4.2, 4.3 and 4.5 of the officer’s report, be approved.

 

3.      The funding for the posts outlined in paragraph 4.3.9 of the officer’s report be approved.

 

4.      The repurposing of the provision outlined in paragraph 4.4.5 of the officer’s report be approved.

 

5.      The updated General Fund Capital Programme outlined in section 4.6 of the officer’s report be approved.

 

6.      The proposals for financing the General Fund Capital Programme outlined in section 4.6 of the officer’s report be approved.

 

7.      The position of the Housing Revenue Account Revenue and Capital budgets at the close of month two of the financial year 2021/22, as outlined in section 4.7 of the officer’s report, be noted.

 

8.      The funding request outlined in section 4.7.1 of the officer’s report be approved.

Supporting documents: