8. Strata Finance Report, budget monitoring at May 2021/22-Strata Finance Director PDF 344 KB
15 Strata Finance Report, budget monitoring at May 2021 PDF 344 KB
The East Devon District Council Strata Director presented the agenda report which detailed the financial position of the 2021/22 budget as at May 2021.
The Company had been given a total of £6.6 million to run the IT Services in 2021/22 along with funding for various capital projects. The Company also maintained an account for additional purchases throughout the year, which is invoiced to each Council based on actual purchases made.
Although savings of £310,000 were delivered, Strata asked for £210,000 to be used for specific service improvements. This was agreed by the three Councils and Strata reduced the payments for all Councils by £500,000 at the start of the year. In response to the challenges the Councils faced as a result of the restrictions imposed in response to Covid-19 Strata identified an additional £340,000 of one off savings on top of the £696,167. The outturn position was broadly in line with that projection.
RECOMMENDED - The report be noted.