Decision status: Approved
Is Key decision?: No
Is subject to call in?: No
To accept the report on the end of
August 2021 review of the Revenue Budget, and consider the latest financial
position regarding the budgets of each department / service.
It was noted that the financial
impact of Covid-19 remained in 2021/22, which was a combination of additional
costs, income losses and a slippage in the savings programme, as the Council
had given priority to protecting the health and lives of the people of Gwynedd
in response to the crisis.
It was noted that the Welsh
Government's Covid support system via the hardship
fund continued, but this did not address overspend because of slippage in the
savings programme.
It was noted that there was significant
overspend in the Adults, Health and Well-being
Department and the Highways and
Municipal Department this year, whilst there was a marked improvement in the
projections for the Children and Families Department.
The following recommendations and
financial virements (as outlined in Appendix 2) were approved.
• On Corporate budgets, that:
¾ An underspend of (£285k) relating to
capital costs is earmarked to a fund to finance the capital programme.
¾ A net underspend of (£1,957k) on
Corporate budgets goes to the Financial Strategy Support Fund to assist in
dealing with the financial challenges facing the Council, particularly so due
to the Covid crisis.
Publication date: 12/10/2021
Date of decision: 12/10/2021
Decided at meeting: 12/10/2021 - The Cabinet
Accompanying Documents: