Issue - meetings

To note the Revenue Monitoring Report and the full outturn for 2021/22 and the full variances as at 30 June 2021 by cost centre as reported in Appendix C1 of the report.

Paul Taylor, Chief Accountant, presented the revenue monitoring report which provided a summary of the forecast outturn position for the financial year 2021-22 as at 30 June 2021.  The report showed a projected net under recovery of £128k.  Significant variances included a projected underspend of £95k as a result of unfilled staff vacancies, but an overspend of £107k due to additional consultants fees for the High Street recovery plan and reaching a settlement with KPMG in respect of the 2016/17 audit and value for money fees. A one-off payment had been received for the transfer of Land Charges to HM Land Registry to cover income which would have been received during the year.

Councillor Bateson requested a breakdown of the £107k for additional fees and the Chief Accountant agreed to send the details to Committee members after the meeting. 

Councillor Madams congratulated the Chief Finance Officer and the finance team for the strong, healthy financial position of the Council and the Committee endorsed that view.

The Committee resolved to note the report.