Issue - decisions

Revenue Budget Monitoring Quarter 3

25/02/2022 - Revenue Budget Monitoring Quarter 3 2021/22

1.    To note the forecast outturn for revenue and the level of reserves based on the position as at 31st December 2021.

2.    To note the virements made to and from the revenue budget during the period, as detailed in Appendix 2 of the report.

3.    To approve the creation of reserves from the forecast in-year underspend and the reallocation of existing reserves as follows:

·           Use of in year underspends for:

o   £30k to create a reserve to support the celebration of the Queen’s Jubilee in the borough

o   £30k to create an allocation from which to make future awards of Check Out Chorley grants

o   £200k to create a reserve to support the creation of Apprentice, Graduate, and Trainee posts

o   £200k to crease a reserve for investment in play and open space areas across the Borough

o   £200k to create a reserve to provide support for local businesses

o   £260k to increase the existing Green Agenda Fund to £500k