Decision status: Approved
Is Key decision?: No
Is subject to call in?: No
·
The
report on the end of November 2021 review of the Revenue Budget was accepted,
and the latest financial situation regarding the budgets of each department /
service was considered.
·
It
was noted that the financial impact of Covid
continues in 2021/22, which is a combination of additional costs, income losses
and a slippage in the savings programme, as the Council has given priority to
safeguarding 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 was continuing, however, it did not address
overspend due to a 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.
·
The
following recommendations and financial virements on Corporate budgets were
approved, that:
¾
An
underspend of (£20k) relating to capital costs is earmarked to a fund to
finance the capital programme.
¾
A
net underspend of (£1,846k) on Corporate budgets goes to the Financial Strategy
Support Fund to assist with the financial challenges facing the Council,
particularly due to the Covid crisis.
Publication date: 18/01/2022
Date of decision: 18/01/2022
Decided at meeting: 18/01/2022 - The Cabinet
Accompanying Documents: