Issue - meetings
Revenue Outturn 2019/20
Meeting: 03/06/2020 - Executive (Item 62)
62 Revenue Outturn 2019/20 
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The report of the Deputy Chief Executive and City Treasurer is enclosed.
Additional documents:
Minutes:
The Council’s revenue budget outturn for 2019/20 was presented. The Council had overspent the revised 2019/20 budget by £0.527m. That was a much improved position compared to the forecast of a £2.790m overspend which had been the position in the last of the 2019/20 Revenue Budget Monitoring Reports (Minute Exe/20/10). That was mainly due to an improved position in Children’s Services spending.
The overall outturn position had been:
|
Table 1 |
Original Approved Budget £000 |
Revised Budget £000 |
Outturn £000 |
Variance £000 |
Variance at last report £000 |
Movement since last report £000 |
|
Total Available Resources |
(610,835) |
(628,091) |
(630,030) |
(1,939) |
(1,779) |
(163) |
|
Total Corporate Budgets |
113,629 |
119,852 |
119,085 |
(767) |
(801) |
34 |
|
Children's Services |
120,434 |
120,869 |
122,491 |
1,622 |
3,241 |
(1,619) |
|
Adult Social Care |
198,263 |
198,324 |
205,222 |
6,898 |
6,953 |
(55) |
|
Homelessness |
13,375 |
14,111 |
14,235 |
124 |
0 |
124 |
|
Corporate Core |
67,838 |
69,679 |
66,814 |
(2,865) |
(2,851) |
(14) |
|
Neighbourhoods |
91,781 |
99,321 |
97,256 |
(2,065) |
(1,498) |
(567) |
|
Growth and Development |
5,515 |
5,935 |
5,454 |
(481) |
(475) |
(6) |
|
Total Directorate Budgets |
497,206 |
508,239 |
511,472 |
3,233 |
5,370 |
(2,137) |
|
Total Use of Resources |
610,835 |
628,091 |
630,557 |
2,466 |
4,569 |
(2,103) |
|
Total forecast over / (under) spend |
0 |
0 |
527 |
527 |
2,790 |
(2,263) |
The report explained that on 19 March 2020 the Government had announced a total of £1.6bn of new funding for local government to help it respond to the impact of the COVID-19 pandemic on the services provided by councils. The council’s allocation of that total had been £18.589m. Of that, some £389k of expenditure had been incurred in 2019/20, covering:
· £322k in ICT to enable staff to work from home;
· £54k Facilities Management for additional cleaning equipment and materials; and
· £13k Adults Social Care for personal protective equipment.
The remaining allocated of £18.2m was available in 2020/21. On 18 April 2020 the Government had announced a second allocation of £1.6bn to local authorities, with the council’s allocation being a further £15.167m.
The report explained the 2019/20 financial performance in each of the council’s directorates and main service delivery functions, showing how overall spending and income compared to budget, and whether planned-for savings had been achieved during the year. The most significant underspends and overspends were outlined in each case. The large overspending in Children’s and Adult’s Services had been mitigated by understands in the corporate budgets and Neighbourhood Services, as seen in Table 1 above.
The report also addressed some end of year adjustments to the budgets and reserves from 2019/20, including the announcements of some additional grant funding.
Budgets to be Allocated
In setting the 2019/20 budget in February 2019 it had been agreed that some budgets were to be held back for future allocation. These remaining uses of the unallocated funds from 2019/20 were therefore proposed and agreed:
· £0.586m from contingency funds to offset the price increases on placements of fostered children;
· £476k from budgets to be allocated and £81k from contingency funds to Homecare help reduce the demand for hospital beds; and
· £91k from contingency for inflationary increases on the Street Lighting PFI.
Use of and Transfer to Reserves ... view the full minutes text for item 62