Issue - meetings

TCCL Q2 Monitoring

Meeting: 17/11/2021 - Tourism, Communities, Culture & Leisure Committee (Item 49)

49 BUDGET MONITORING QUARTER 2 pdf icon PDF 129 KB

Additional documents:

Minutes:

The Senior Finance Business Partner introduced a report which set out the financial monitoring information for the Committee as at quarter 2 (July – September) of 2021-22). The forecast year end position for Tourism, Communities, Culture and Leisure was an adverse variance of £0.158m against a budget of £10.059m, which was an improvement on quarter 1. The report detailed each service and the factors contributing to adverse or favourable variances within the budget.

 

In response to Members’ comments, the Assistant Director: Leisure, Libraries and Customer Engagement, commented that he would circulate figures for the numbers of people who had continued their Invigor8 membership following the freezing of membership direct debits at the start of the pandemic. He also outlined the issues with regard to the use of the Oval, which the NHS were still using. 

 

On a motion by the Chair, seconded by Councillor Gill Wood, it was -

 

Resolved – That,

 

(1)  the projected year-end revenue forecast position of £0.158m adverse, as reported at quarter 2 (July – Sept) of 2021/22, be noted;

 

(2)  the progress on the achievement of approved savings and the projected year end forecast position at quarter 2 (July – Sept) of 2021-22, be noted;

 

(3)  the reserves allocated to the Committee for future one-off commitments, be noted;

 

(4)  the projected year-end capital forecast position of £3.161m favourable, as reported at quarter 2 (July – Sept) of 2021-22, be noted.