Agenda item

1st Quarter Financial, Procurement & Performance Review 2021/22

Minutes:

The report informed members of the Council’s overall performance, procurement and financial position for the period ending 30 June 2021 (First Quarter 2021/22).

 

The position was summarised as follows:-

Subject

Headline

Reference

Finance

The Finance headlines for the First Quarter were:

Performance against Budget

·       At the First Quarter stage  the General Fund projected outturn for 2021/22 was an underspend of £1,434,010.

Efficiency Programme

·       At Quarter One £568,000 in savings had been taken against the 2021/22 general fund efficiency target of £830,430. It was anticipated that there would be a £177,000 shortfall in the year.

Capital Programme

·       The revised Capital Programme budget for 2021/22 was £4.83 million including the carry forward of capital underspends from 2020/21. The projected outturn for the year at Quarter One was £4.83 million; to budget.

Treasury Management

·       Cash investments held at 30 June 2021 totalled £19 million. The Ascent loan and debenture currently stood at £19 million;

·       Council borrowing at 30 June 2021 totalled £13 million (relating to the Ascent loan);

·       The Council’s net interest income receipts for the year was forecast to be to budget at the Quarter One stage.

Revenue Collection

·       29.34% of Council Tax was collected by 30 June 2021 compared to 28.76% for the same period last year (29.38% in 2019/20);

·       32.33% of Business Rates was collected by 30 June 2021 compared to 22.30% for the same period last year (28.62% in 2019/20);

·       At the end of the First Quarter debt that was over 60 days old was £65,050 which compared with £97,390 at 30 June 2020.

Appendix A

Procurement

The Procurement headlines for the First Quarter were:

·       10 procurement activities were completed;

·       The Procurement forward plan included 40 procurement activities for completion in 2021/22 (either SMDC only or joint);

·       At 30 June 2021, 43% of procurement activity undertaken was on the forward plan and the Council paid 95% of its invoices within 30 days during the year.

Appendix B

Performance

The Performance headlines for the First Quarter were:

·       66% of the key performance indicators on track (40% were better than the previous year);

·       The Council received 14 complaints, 40 comments and 14 compliments;

·       Priority actions – 15 green, 1 completed, 1 red rated, remainder yet to commence.

Appendix C

 

The Leader confirmed that the position was tight but manageable, with 1 significant underspend and 3 significant overspends:

 

Underspend – Leisure Services (£142,550)

 

Overspend – Property (£76,000), Revenues (£132,350) and Corporate Finance (£129,330).

 

Member queries were as follows (responses in brackets):

 

·       The report referred to changes to Ascent. Was there any further information available? (Work was ongoing relating to changes in circumstances within Your Housing Group and it was appropriate to look forward. Covid had impacted upon the situation. The Panel would be updated on the situation at the appropriate time);

·       The Chair corrected an item under ‘Influencing Actions’ relating to the Rural Mobility Fund. The new bus service was to commence on 2 October 2021, not 2 September as quoted. Staffs County Council had done well to correct an initial problem with the new Manchester bus service;

·       Could an update be given on the Biddulph Wharf Road Masterplan? (A report was to be presented at a subsequent Resources Panel).

 

RESOLVED – That the First Quarter 2021/22 financial, procurement and performance position as detailed in Appendices A, B and C and summarised in the report be NOTED.

Supporting documents: