The Senior Business Partner introduced the report which set out the financial monitoring information for the Adult Social Care and Public Health Committee and provided members with an overview of budget performance for this area of activity. The financial information in the report detailed the year-end revenue and capital outturn position as reported at quarter 4 2021/22.

Members were informed that at the end of March 2022, the year-end position for Economy, Regeneration & Housing Committee is an adverse variance of £0.384m against a budget of £11.726m. The report also set out detail of the budget position for Regeneration, Housing, Asset Management and Investment, Planning and Building Control, Special Projects and the Local Pan.

Members were also informed of an error within the report, with the Committee asked to note spend of 18.487m. This should have been spend of £17.974m.  Table 5 also has the wrong variance figures shown.

Members discussed the report and questioned the safety of Future High Street Funding, as well as the budget around HMO and Homeless services.

The Senior Business Partner introduced the report of the Director of Resources which set out the financial monitoring information for the Economy Regeneration and Housing Committee and provided members with an overview of budget performance for this area of activity. The financial information in the report detailed the year-end revenue and capital outturn position as reported at quarter 4 2021/22.

Members were informed that at the end of March 2022, the year-end position for Economy, Regeneration & Housing Committee was an adverse variance of £0.384m against a budget of £11.726m. The report also set out details of the budget position for Regeneration, Housing, Asset Management and Investment, Planning and Building Control, Special Projects and the Local Plan.

Members were also informed of an error within the report, with the Committee asked to note spend of 18.487m. This should have been spend of £17.974m.  Table 5 also had the wrong variance figures shown.

Members discussed the report and questioned the safety of Future High Street Funding, as well as the budget around Houses of Multiple Occupation (HMO) and Homeless services.

Resolved - That

(1)  the year-end revenue outturn variance of £0.384m adverse position as reported at quarter 4 (March 2022) of 2021-22 be noted;

(2)  progress on the achievement of approved savings and the year-end outturn position at quarter 4 (March 2022) of 2021-22 be noted;

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

(4)   the year-end capital outturn expenditure position of £17.974m as reported at quarter 4 (March 2022) of 2021-22 be noted.