Issue - meetings

This report provides details of the County Council’s 2021/22 financial position as at 28^th February 2022 (M11) for revenue and capital budgets, and the expected outlook for the remainder of the financial year. 

(The decisions on this item can be called-in by the Resources and Performance Select Committee)

RESOLVED:

1.    That Cabinet notes the Council’s forecast revenue and capital budget positions.

2.    That Cabinet approves that £13m of funding from Surrey Heartlands Clinical Commissioning Group is transferred to reserves as set out in paragraphs 15 to 17.

Reasons for Decisions:

This report is to comply with the agreed policy of providing a monthly budget monitoring report to Cabinet for approval of any necessary actions.

(The decisions on this item can be called-in by the Resources and Performance Select Committee)

The Deputy Leader and Cabinet Member for Finance and Resources introduced the report explaining that at Month 11 the Council was forecasting a full year £0.6m forecast surplus against the revenue budget. Despite the forecast of a balanced outturn, it was still the expectation that Directorates continue to make efforts to manage spends within their budget envelopes, particularly where actions will impact on the deliverability of the 2022/23 budget. It was explained that the council was receiving £13m of funding from Surrey Heartlands CCG which would be transferred to reserves. £9m of this funding is a contribution towards the c.£12m of additional Adult Social Care care package expenditure that the Council has incurred in 2021/22 driven by the Covid-19 pandemic. The Leader explained that this money was owed to the council from the CCG. The remaining £4m from Surrey Heartlands CCG is part-match funding for the Council’s £8m increased investment in Mental Health services for 2022/23.

RESOLVED:

1.    That Cabinet notes the Council’s forecast revenue and capital budget positions.

2.    That Cabinet approves that £13m of funding from Surrey Heartlands Clinical Commissioning Group is transferred to reserves as set out in paragraphs 15 to 17.

Reasons for Decisions:

This report is to comply with the agreed policy of providing a monthly budget monitoring report to Cabinet for approval of any necessary actions.

(The decisions on this item can be called-in by the Resources and Performance Select Committee)