The Senior Finance Business Partner presented the report of the Director of Regeneration and Place which provided a summary of the projected year-end revenue and capital position for Economy, Regeneration & Development Committee as at the end of Quarter 3 (December 2021) of the 2021/22 financial year. The report provided Members with an overview of budget performance.

Resolved: That:

(1)   the projected year-end revenue forecast variance of £0.058m adverse position as reported at quarter 3 (Oct – Dec) of 2021-22 be noted;

(2)   progress on the achievement of approved savings and the projected year-end forecast position at quarter 3 (Oct – Dec) 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 expenditure position of £18.487m as reported at quarter 3 (Oct – Dec) of 2021-22 be noted.