Revenue Budget Monitoring Report 2020/21
Cabinet members will be asked to note the way that the Council has successfully managed its 2020/21 budget despite challenging circumstances when it meets on Tuesday 16 March.
The projected year end position as at Month 10 is an operating surplus of £0.924m which is an improvement of £0.552m from the surplus figure of £0.372m reported at Month 9.
This improved position has predominantly arisen from a detailed review of the risks included within the Streetscene and Transportation portfolio as a consequence of the pandemic in conjunction with confirmation of further funding from the Welsh Government Hardship Fund.
Flintshire County Council’s Cabinet Member for Finance, Councillor Glyn Banks, said:
“The Council has achieved these positive results through careful financial planning.
“The significant funding support available through the Hardship Fund alongside tight and effective budgetary control has enabled the Council to ensure that spend for the current financial year is within its approved budget.
“This included introducing measures at an early stage of the year to mitigate any potential overspend.”
The measures introduced included challenging all non-essential spend and also challenging recruitment to vacancies.
Councillor Banks continued:
“This situation illustrates that the Council has a sound financial planning framework and continues to strengthen its financial planning to better support future financial resilience, despite unprecedented challenges.”