20 Predicted Outturn 2021/22 and 2022/23 Revenue Budget PDF 182 KB
Joint report of the Director of Corporate Services (Staffordshire County Council) and Director of Strategy and Resources (Stoke-on-Trent City Council)
Additional documents:
Minutes:
The Committee considered a joint report of the Director of Corporate Services (Staffordshire County Council) and Director of Strategy and Resources (Stoke-on-Trent City Council) giving details of the predicted outturn for the Joint Archives Service for 2021/22 and proposed 2022/23 net revenue budget.
Members noted that a spend of £572,000 was predicted against an approved budget of £753,000. The latest forecast was for an overall breakeven position for 2021/22 year as follows:- (i) Core Services - £28,000 underspend; (ii) Staffordshire County Council Sites and Public Services - £5,000 underspend and; (iii) Stoke-on-Trent Sites and Public Services – £28,000 underspend. It was assumed that the underspend for both Councils would be transferred to their respective reserves at year end to provide, overall, for a breakeven budget.
It was reported that the General Reserve had a current balance of £365,000, The Archive Acquistion Reserve held a balance of £58,000 and the Art Fund Grant (Minton) a balance of £10,000.
For 2022/23 the Joint Archives Service Revenue budget was reported to be £800,000, made up of £581,000 from Staffordshire County Council and £219,000 from Stoke-on-Trent City Council.
RESOLVED –
(a) That the report be received and noted.
(b) That the 2022/23 Joint Archive Service net Revenue Budget be approved.
15 Predicted Outturn 2019/21 and 2021/22 Revenue Budget PDF 208 KB
Joint report of the Deputy Chief Executive and Director of Families and Communities (Staffordshire County Council) and Director of Housing and Community Services (Stoke-on-Trent City Council)
Additional documents:
Minutes:
The Committee considered a joint report of the Deputy Chief Executive and Director for Families and Communities (Staffordshire County Council) and Director for Housing and Community Services (Stoke-on-Trent City Council) giving details of the predicted outturn for the Joint Archives Service for 2020/21 and proposed 2021/22 net revenue budget (schedule 3 to the signed minutes).
Members noted that a spend of £777,152 was predicted against an approved budget of £613,830 which resulted in an estimated overall overspend of £162,322 comprising:- (i) Core Services - £71,000; (ii) Staffordshire County Council Sites and Public Services - £92,000 and; (iii) Stoke-on-Trent Sites and Public Services – (£56,000). However, Staffordshire County Council had confirmed they would fund the overspend in the event that it materialised at the year end.
With regard to the General Reserve, the current balance was £204,830 (which included a receipt of £1,364 from the New Burdens Fund and an outlay of £4,000 towards the Development Phase of the Staffordshire History Centre Project following the successful Round 1 Bid).
They also noted the predicted balances in the Joint Archives Reserves ie:- (i) General Reserve - £107,059; (ii) Acquisition Reserve - £57,542 and; (ii) Art Fund Grant - £0.
With regard to 2021/22, the Joint Archives Service budget was £607,720 comprising £399,520 or 66% from the County Council and £208,200 or 34% from the City Council.
RESOLVED – (a) That the report be received and noted.
(b) That the 2021/22 Joint Archive Service net Revenue Budget be approved.