Revenue Monitoring Report Council Summary 1 April 2022 to 6 January 2023
North Lanarkshire Council · 1 March 2023
Back to Finance and Resources Committee — 1 March 2023 and its agenda
Text extracted from the council's PDF. Layout and reading order may differ from the original.
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North Lanarkshire Council Report Finance and Resources Committee Does this report require to be approved? ☐ Yes ☒ No Ref; EK/KS Date 01/03/23 Revenue Monitoring Report Council Summary 1 April 2022 to 6 January 2023 From Elaine Kemp, Chief Officer (Finance) E-mail KempE@northlan.gov.uk Telephone 07939280601 Executive Summary This report updates the Finance and Resources Committee on the overall position for the General Fund Account, Housing Revenue Account and Adult Health and Social Care, for the financial year to 31 March 2023. The report consolidates the budget monitoring position of all Services, highlighting and explaining major variances as per the Council’s approved Financial Regulations. The Council approved its General Fund Revenue Budget on 17 February 2022. Following notification from Scottish Government of further funding made available to local authorities and the reallocation of Scottish Child Payments Grant as Agency managed grants the budget has been revised to £886.197m. The Council is currently projecting a surplus of £11.937m which will be earmarked to support future budget pressures resulting in break-even position shown against budget. It should be noted that this position reflects a net £5.531m overspend attributable to inflationary pressures experienced across services. However, resources totalling £10.147m have been provided through a combination of corporate budgetary provision and use of reserves to help manage these increased costs, which offset the forecast overspends, leaving a balance of £4.616m to support any further pressures not yet realised. It should also be noted that services are required to continue to take action to help manage the overall position including managing vacancies and curtailing non- essential expenditure. The 2022/23 budget incorporates £10.484m of net savings with resources of £3.372m set aside to manage the impact of delayed implementation, reducing the current year target to £7.112m. It is projected that £5.417m of the current year target (76%) will be delivered within the financial year, with replacement savings identified to fully address the shortfall. Recommendations It is recommended that the Finance and Resources Committee: (1) Acknowledge the financial position of the 2022/23 revenue budget; and (2) Otherwise endorse the contents of this report.
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1. Background 1.1. The Council’s approved Financial Regulations require services to remain within their approved budgetary provision, and to report all significant deviations - defined as the higher of £100,000 or 5% - within their budget monitoring reports. Where significant deviations are identified, services must provide explanatory commentary, outline the action required to rectify such deviations and where relevant, must also highlight the impact this has on other budget headings. 2. Report 2.1 Summary of General Fund Financial Position 2.1.1. At its meeting of 17 February 2022, the Council approved a General Fund Revenue Budget of £887.270m. This included spend which is offset by ring fenced grants of £50.126m resulting in an opening budget position for Net Service Expenditure of £837.144m. Additional funding has since been confirmed as part of the Scottish Government budget setting, including additional directed funding for Adult Social Care, Free School Meal Expansion monies, Local Heat and Energy Efficiency Strategy funding and additional DHP funding offset by a reallocation of Scottish Child Payments Grant to agency managed grants resulting in an overall total budget of £886.197m. 2.1.2. Following the budget setting in February the Council has an approved savings target £10.484m for 2022/23. However, £2.000m of one-off resources have been set aside from General Fund reserves to manage the financial impact of the delayed implementation of the Active and Creative Communities saving of £3.058m, and £1.372m has been earmarked from the IJB reserves in respect of the delayed closure of the Muirpark facility. These actions reduce the overall savings requirement in 2022/23 to £7.112m. Further detail can be found in Section 2.3 below. 2.1.3. The following table summarises the projected income and expenditure position which illustrates a projected surplus of £11.937m earmarked for future budget pressures: Annual Budget (£m) Projected Outturn (£m) P10 Variance (£m) P6 Variance (£m) P6 to P10 Movement (£m) Expenditure Total Expenditure 886.197 874.260 11.937 (0.538) 12.475 Income Aggregate External Finance 722.147 722.147 - - - Local Tax Collection 158.050 158.050 - - - Use of Balance 6.000 6.000 - - - Total Income 886.197 886.197 - - - Projected variance: (Surplus)/Deficit at 31 March 2023 - (11.937) 11.937 (0.538) 12.475 Earmarked for future budget pressures - 11.937 (11.937) - (11.937) Surplus/(Deficit) at 31 March 2023 Post Reserve Allocation - - (0.538) 0.538 Table 1 The Plan for North Lanarkshire Priority All priorities Ambition statement (25) Ensure intelligent use of data and information to support fully evidence based decision making and future planning
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2.2. Analysis of Significant Variations 2.2.1. Table 2 below illustrates the projected outturn financial position of services: Service P10 Outturn (£m) P6 Outturn (£m) P6 to P10 Movement (£m) Education Children and Families (3.563) Overspend (5.144) Overspend 1.581 Enterprise and Communities (3.341) Overspend (3.959) Overspend 0.618 Chief Executives and Other Corporate Services 1.171 Underspend 0.353 Underspend 0.818 Social Work (Non-Integrated) - On Budget - On Budget - Executive Services Total (5.733) Overspend (8.750) Overspend 3.017 Financing Costs 7.000 Underspend - On Budget 7.000 Budget Assumptions 8.066 Underspend 2.927 Underspend 5.139 Use of Reserves (inflation) 2.604 Over Recovery 5.285 Over Recovery (2.681) Total Projected Surplus/(Deficit) 11.937 Underspend (0.538) Overspend 12.475 Earmarked for future budget pressures (11.937) Overspend - On Budget (11.937) Total 0.000 On Budget (0.538) Overspend 0.538 Table 2 2.2.2. Education, Children and Families is reporting a projected overspend of £3.563m. There is a projected overspend in property costs of £5.586m largely due to an anticipated increase in utilities/energy costs due to inflationary pressures (£5.300m) and other overspends (£0.286m), a projected overspend in transport costs of £5.513m largely due to ongoing demand pressures within ASN transport (£2.678m) and increases to mainstream transport contract rates(£2.810m). There is also a projected increase in payments for ASN placements of £0.329m and Family Placements of £0.579m due to cost pressures associated with External Fostering and Kinship Care Placements and a projected under recovery in income of £1.227m due to reduced membership and visitor fees for Active and Creative Communities. These are partially offset by a projected reduction in employee costs of £6.914m, largely due to delays in recruitment and establishment of staffing models, projected underspends in other expenditure of £0.826m, supplies and services of £1.822m and administration costs of £0.012m predominately due to management action and curtailment of non-essential expenditure. 2.2.3. Enterprise and Communities is projecting an overspend of £3.341m, largely due to inflationary pressures of £2.625m in relation to utilities, food, fuel, materials and waste tonnage. There are also forecast increased non-inflationary related costs of £3.239m
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mainly due to delay in the achievement of office rationalisation savings (£0.580m), increased use of agency staff to support waste collection due to ongoing recruitment difficulties (£0.535), increased requirement in vehicle leasing and hire costs (£0.432m) and vehicle parts (£0.117m), increase in costs in relation to charging of electric vehicles (£0.539m), overspend in consultancy costs (£0.253m) and a number of other expenditure cost pressures (£0.783m). These overspends are partially offset by a £1.988m underspend in Employee costs due to vacancies across the services, an over recovery in income of £0.345m and a number of smaller underspends across a number of budget headings. 2.2.4. Chief Executives and Other Corporate Services are projecting an underspend of £1.171m, primarily due to lower than budgeted contract costs as a result of a delay in transferring to a cloud environment, thus reducing the forecast cloud consumption costs by £1.248m, an underspend in employee costs of £0.403m in relation to vacancies, savings and minor savings across a number of other budget headings, as a rest of management action, offset by a £0.522m under recovery in income in the areas of licencing (liquor and taxi) and internal recharges such as insurance and printing. 2.2.5. Prudent management of the Council’s borrowing and cashflow position, as well as reflecting the latest forecast expenditure on the capital programme, is estimated to generate a one-off underspend of £7.000m. In addition, members are advised that consideration is currently being given to the implementation of the option of a loan debt holiday, which is one of the fiscal flexibilities introduced by the Scottish Government, initially to support the cost of COVID. Further details are outlined in the Treasury Management Strategy report to this Committee. If implemented this will generate a further one-off saving in 2023/24. However, it should be noted that this does not change the overall debt to be repaid and any benefit generated will need to be repaid within the shorter of either the remaining period of the loans fund advance or twenty years. The decision on this will be reviewed as part of the year end closedown. 2.2.6. Within the services’ financial positions shown above, unmanaged inflationary overspends totalling £5.531m have been reported. However, officers will recall resources totalling £10.147m have been provided through a combination of budgetary provision and use of reserves to help manage the increased costs arising from higher inflation rates. Therefore, there is an offsetting drawdown of £5.531m from such resources, leaving a balance of £4.616m to support any further pressures not yet realised. 2.2.7. An underlying reported underspend of £8.066m is reported within budget assumptions, which reflects the release of resources held in relation to budget assumptions now not anticipated to be realised. This includes resources held for inflation noted in 2.2.6 above along with £1.411m in relation to the reversal of increased employer national insurance contributions from November 2022, and £0.657m in relation to the teacher strike action days (24 November and 7 December). 2.2.8. The net surplus of £11.937m will be earmarked to support future budget pressures. Therefore, a breakeven position is reported for 2022/23. 2.2.9. Given the volatility of the economy, Government policy announcements and market conditions, it is very difficult to accurately assess the impact of inflation across the Council. Whilst the Council has identified funds to assist with offsetting the impact of inflation within the current year, it continues to be vitally important that services curtail all non-essential expenditure to support the Council’s overall management of this significant risk in future years.
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2.3. 2022/23 Budget Savings 2.3.1. As outlined in paragraph 2.1.2 above, the Council has approved net savings of £10.484m for 2022/23. After taking account of the £3.372m one-off resources set aside to manage the delayed implementation of savings, the overall savings target is £7.112m. Each Service reports on the achievement of their savings within the relevant Services’ monitoring report. It is projected that £5.417m of savings (76%) will be achieved in the current year. It is anticipated that the remaining in year gap of £1.694m will be fully mitigated by replacement savings and implemented in full in future years. 2.4. Earmarked Reserves and Change Management Fund 2.4.1. The Council’s audited annual accounts highlight a General Fund reserve balance of £236.264m. This balance includes £8.000m for the Contingency Reserve. There is also a total of £170.444m earmarked for specific future commitments including £31.054m in relation to COVID and £54.175m to support the future contractual obligations in respect of PPP schools, following a change in presentation in respect of such balances, as discussed and agreed with Audit Scotland. A further £29.424m has been allocated to the Change Management Fund to support future budget pressures, one-off costs of existing approved savings and to ensure the Council has a resilient and sustainable strategic financial plan. This leaves £28.396m of unallocated balances. 2.4.2. A total of £103.630m of earmarked reserves are profiled for use in 2022/23 with a further £66.814m profiled for use in future years. It is currently projected that £97.742m of the 2022/23 earmarked reserves will be spent during this financial year with £4.872m anticipated to be required in future years and reserves of £1.016m deemed no longer required. A summary position in respect of the above is shown in Appendix 2. 2.4.3. The unallocated reserves will change depending on overall financial performance year on year, unexpected commitments and to account for future drawdowns from the capital fund. Therefore, reflecting the current year break-even forecast, commitments during the year of £0.819m, earmarked reserves no longer required of £1.016m and the capital fund drawdown of £0.396m, the unallocated General Fund balance is currently forecast to reach £30.347m by the financial year end. Appendix 3 summarises this position. 2.5. Risks and Uncertainty 2.5.1. All activities undertaken by the Council are subject to risk, and in acknowledging the Council’s approved Risk Management Strategy, Services manage these as part of their overall corporate and service planning processes. The current economic climate such as the rising forecast of pay and non-pay inflation, on-going COVID impact, the cost of living crisis and other external factors, have the potential to impact upon the Council’s ability to provide quality services within approved budget levels. 2.6. Housing Revenue Account 2.6.1. The Housing Revenue Account is currently projecting an underspend of £1.067m for the financial year. There is an underspend in employee costs of £1.400m largely due to vacancy savings in conjunction with reversal to increased national insurance rates, an underspend in financing costs of £1.643m due to proactive treasury management activity reducing average loans funds interest rates and lower than anticipated capital expenditure 2021/22 outturn, an anticipated underspend in ambitions funding of £1.107m and a smaller underspend within Admin Costs of £0.180m. These are largely offset by an overspend in property costs of £2.607m relating to an increase in repairs costs (£2.000m), utilities overspends (£0.337m) and other smaller areas of underspends (£0.270m) coupled with an under recovery of income £0.667m relating to Rental Income (£0.447m) and Fees and Charges (0.200m).
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2.7. Adult Health and Social Care 2.7.1. Council Adult Health and Social Care provision to the Integration Joint Board (IJB) is projecting an underspend of £8.496m. This position is primarily due to a projected underspend in employee cost of £4.265m as a result of slippage in recruitment of posts relating to “Winter Planning and Enhanced Support”, a projected under spend in payments to other bodies of £2.700m as a result of staff shortages within the care at home sector SDS commissioning framework, a projected underspend in administration costs of £1.871m due to lower than anticipated Carers costs and several other smaller budget movements. 3. Measures of success 3.1. The Council continues to operate within approved budgeted resources. 4. Supporting documents Appendix 1 Summary by Division Appendix 2 Anticipated Commitments – Earmarked Reserves Appendix 3 Availability of One-Off Funds – Change Management Fund Elaine Kemp, Chief Officer (Finance) 5. Impacts ( http://connect/report-template-guidance ) 5.1 Public Sector Equality Duty and Fairer Scotland Duty Does the report contain information that has an impact as a result of the Public Sector Equality Duty and/or Fairer Scotland Duty? Yes ☐ No ☒ If Yes, please provide a brief summary of the impact? If Yes, has an assessment been carried out and published on the council’s website? https://www.northlanarkshire.gov.uk/your-community/equalities/equality-and-fairer- scotland-duty-impact-assessments Yes ☐ No ☐ 5.2 Financial impact Does the report contain any financial impacts? Yes ☐ No ☒ If Yes, have all relevant financial impacts have been discussed and agreed with Financial Solutions? Yes ☐ No ☐ If Yes, please provide a brief summary of the impact? 5.3 HR policy impact Does the report contain any HR policy or procedure impacts? Yes ☐ No ☒ If Yes, have all relevant HR impacts have been discussed and agreed with People and Organisational Development? Yes ☐ No ☐ If Yes, please provide a brief summary of the impact? 5.4 Legal impact
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Does the report contain any legal impacts (such as general legal matters, statutory considerations (including employment law considerations), or new legislation)? Yes ☐ No ☒ If Yes, have all relevant legal impacts have been discussed and agreed with Legal and Democratic Solutions? Yes ☐ No ☐ If Yes, please provide a brief summary of the impact? 5.5 Data protection impact Does the report / project / practice contain or involve the processing of personal data? Yes ☐ No ☒ If Yes, is the processing of this personal data likely to result in a high risk to the data subject? Yes ☐ No ☒ If Yes, has a Data Protection Impact Assessment (DPIA) been carried out and e- mailed to dataprotection@northlan.gov.uk Yes ☐ No ☒ 5.6 Technology / Digital impact Does the report contain information that has an impact on either technology, digital transformation, service redesign / business change processes, data management, or connectivity / broadband / Wi-Fi? Yes ☐ No ☒ If Yes, please provide a brief summary of the impact? Where the impact identifies a requirement for technology, has an assessment been carried out (or scheduled) by the Enterprise Architecture Governance Group (EAGG)? Yes ☐ No ☐ 5.7 Environmental / Carbon impact Does the report / project / practice contain information that has an impact on any environmental or carbon matters? Yes ☐ No ☒ If Yes, please provide a brief summary of the impact? 5.8 Communications impact Does the report contain any information that has an impact on the council’s communications activities? Yes ☐ No ☒ If Yes, please provide a brief summary of the impact? 5.9 Risk impact Is there a risk impact? Yes ☐ No ☒ If Yes, please provide a brief summary of the key risks and potential impacts, highlighting where the risk(s) are assessed and recorded (e.g. Corporate or Service or Project Risk Registers), and how they are managed? 5.10 Armed Forces Covenant Duty Does the report require to take due regard of the Armed Forces Covenant Duty (i.e. does it relate to healthcare, housing, or education services for in-Service or ex- Service personnel, or their families, or widow(er)s)?
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Yes ☐ No ☐ If Yes, please provide a brief summary of the provision which has been made to ensure there has been appropriate consideration of the particular needs of the Armed Forces community to make sure that they do not face disadvantage compared to other citizens in the provision of public services.
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LINE SERVICE ACCOUNT BUDGET ACTUAL VARIANCE ANNUAL PROJECTED NO. TO DATE TO DATE TO DATE BUDGET OUTTURN (1) (2) (3) (4) (5) (6) (7) £ £ £ £ £ £ 1 Education & Families 191,511,868 194,517,243 (3,005,375 ) 460,191,888 463,754,745 (3,562,857 ) 2 Early Years 16,357,142 16,357,142 - 31,807,284 31,807,284 - 3 Primary Schools 65,375,458 65,375,458 - 136,209,480 136,209,480 - 4 Secondary Schools 66,087,699 66,087,699 - 127,846,098 127,846,098 - 5 Special Schools 10,092,590 10,092,590 - 20,651,426 20,651,426 - 6 Education & Families Service Delivery 3,815,443 6,521,092 (2,705,649 ) 71,465,354 74,275,149 (2,809,795 ) 7 Childrens Services Social Work 17,697,732 17,246,824 450,908 36,567,528 36,278,319 289,209 8 Justice Services 641,179 492,748 148,431 73,431 93,863 (20,432 ) 9 Active and Creative Communities 4,391,015 5,212,135 (821,120 ) 25,037,035 26,367,925 (1,330,890 ) 10 Employability 3,571,016 3,571,016 - 3,906,759 3,876,032 30,727 11 Community Learning 2,126,964 2,119,270 7,694 4,645,059 4,345,898 299,161 12 Welfare 1,355,630 1,441,269 (85,639 ) 1,982,434 2,003,271 (20,837 ) 13 Strategy for Young People - - - - - - 14 Enterprise & Communities 91,756,902 91,020,839 736,063 144,529,656 147,871,215 (3,341,559 ) 15 Environmental Assets 23,747,538 23,765,204 (17,666 ) 47,357,455 48,022,576 (665,121 ) 16 Regulatory Services & Waste Solutions 25,097,823 25,649,228 (551,405 ) 37,123,707 39,609,856 (2,486,149 ) 17 Assets & Procurement 31,759,645 31,236,648 522,997 38,272,520 39,289,023 (1,016,503 ) 18 Planning & Regeneration 4,496,069 3,966,960 529,109 9,545,283 8,647,959 897,324 20 Housing Solutions 1,120,851 1,041,532 79,319 5,330,715 5,364,201 (33,486 ) 22 Business, Housing Property & Projects 6,158,968 5,976,608 182,360 7,495,518 7,533,142 (37,624 ) 23 Trading Accounts (623,992 ) (615,341 ) (8,651 ) (595,542 ) (595,542 ) - 24 Chief Executives & Other Corporate Services 56,651,541 55,678,719 972,822 96,226,467 95,055,325 1,171,142 25 Directorate & Support 628,972 616,598 12,374 874,841 852,804 22,037 26 Fiancial Solutions 17,870,165 17,856,054 14,111 45,590,644 45,575,304 15,340 27 Audit & Risk 486,399 457,445 28,954 579,364 545,285 34,079 28 Legal & Democratic Solutions 1,763,058 1,987,391 (224,333 ) 2,155,475 2,394,687 (239,212 ) 29 Business & Digital 12,766,239 12,216,750 549,489 17,404,666 16,797,175 607,491 30 People & Organisational Development 6,874,202 6,687,283 186,919 8,142,731 7,896,840 245,891 31 Strategic Communication 4,204,093 4,108,424 95,669 5,156,219 5,025,049 131,170 32 Other Corporate Services 2,566,608 2,256,969 309,639 3,684,556 3,330,210 354,346 33 Joint Boards 9,491,805 9,491,805 - 12,637,971 12,637,971 - 34 Social Work (non Integrated) 187,964,805 187,964,805 - 188,700,126 188,700,126 - 35 GENERAL FUND SERVICES 527,885,116 529,181,606 (1,296,490 ) 889,648,137 895,381,411 (5,733,274 ) 36 FINANCING COSTS 26,021,122 20,636,507 5,384,615 (40,729,875 ) (47,729,875 ) 7,000,000 37 Reversal of Capital Charge (56,192,339 ) (56,192,339 ) - (73,050,041 ) (73,050,041 ) - 38 Loan Charges 25,438,589 20,053,974 5,384,615 33,070,166 26,070,166 7,000,000 39 Interest on Revenue Balances (576,923 ) (576,923 ) - (750,000 ) (750,000 ) - 40 OTHER BUDGETARY ISSUES 28,675,898 28,675,898 - 37,278,667 26,608,258 10,670,409 41 Assumptions not yet Realised 28,675,898 28,675,898 - 37,278,667 29,212,258 8,066,409 42 Drawdown from Reserves - - - - (2,604,000 ) 2,604,000 43 TOTAL EXPENDITURE 582,582,136 578,494,011 4,088,125 886,196,929 874,259,794 11,937,135 44 SOURCES OF FUNDING 681,689,945 681,689,945 - 886,196,929 886,196,929 - 45 Aggregate External Finance 555,498,049 555,498,049 - 722,147,464 722,147,464 - 46 Council Tax 121,576,512 121,576,512 - 158,049,465 158,049,465 - 46 Use of balances 4,615,385 4,615,385 6,000,000 6,000,000 47 (SURPLUS) / DEFICIT (99,107,809 ) (103,195,935 ) (4,088,125 ) - (11,937,135 ) 11,937,135 48 Earmarked for Future Budget Pressures - - - - 11,937,135 (11,937,135 ) 49 (SURPLUS) / DEFICIT (99,107,809 ) (103,195,935 ) (4,088,125 ) - - - 50 HOUSING REVENUE ACCOUNT (SURPLUS) / DEFICIT (34,458,156 ) (34,456,358 ) (1,798 ) - (1,067,000 ) 1,067,000 51 ADULT HEALTH AND SOCIAL CARE (SURPLUS) /DEFICIT (4,248,549 ) (10,784,051 ) 6,535,502 - (8,496,152 ) 8,496,152 Appendix 1 NORTH LANARKSHIRE COUNCIL SUMMARY BY DIVISION FOR PERIOD ENDING 06 January 2023 (PERIOD 10) PROVISIONAL VARIANCES
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Appendix 2 Total Total Reserve Balances 2022/23 Revised Earmarked Reserve 22/23 Projected Spend Anticipated Year End Balance Anticipated Future Year Use No Longer Required Profiled for Future Years Anticipated Future Year Use No Longer Required No Longer Required £000 £000 £000 £000 £000 £000 £000 £000 £000 £000 Change Management Fund 29,424 29,424 1,624 27,800 27,800 - - - - - Earmarked & One Off Resources Schools Future Contractual Obligations 54,175 - - - - - 54,175 54,175 - - COVID-19 Directed Funding 6,392 6,392 6,102 290 38 252 - - - 252 COVID-19 General Funding 21,662 19,900 17,725 2,175 2,168 7 1,762 1,762 - 7 Covid Recovery (From Core) 3,000 3,000 3,000 - - - - - - - Early Learning and Childcare 14,249 7,490 7,490 - - - 6,759 6,759 - - Strategice Workforce Planning 13,000 13,000 13,000 - - - - - - - Temporary Accomodation 9,288 9,288 9,288 - - - - - - - 2022/23 Budget One-off Investment 6,000 6,000 6,000 - - - - - - - DSM Balances 5,332 5,332 5,332 - - - - - - - Winter Reserve 1,500 1,500 - 1,500 1,500 - - - - - Youth Guarantee Funding 2,367 2,367 2,367 - - - - - - - Pupil Equity Fund 5,122 5,122 5,122 - - - - - - - Energy Costs and Other Non Pay Inflation 7,220 7,220 7,220 - - - - - - - Digitisation 2,499 1,892 1,135 757 - 757 607 607 - 757 Digital NL Savings 1,000 1,000 1,000 - - - - - - - Enterprise Contract 1,686 1,000 634 366 366 - 686 686 - - Business Gateway & Business Recovery 1,700 801 201 600 600 - 899 899 - - Active and Creative Communitites 2,000 2,000 2,000 - - - - - - - Rapid Rehousing (Non-COVID) 1,159 650 650 - - - 509 509 - - Other Earmarked Funds 11,093 9,676 9,476 200 200 - 1,417 1,417 - - Earmarked & One Off Resources Total 170,444 103,630 97,742 5,888 4,872 1,016 66,814 66,814 - 1,016 Total Reserves 199,868 133,054 99,366 33,688 32,672 1,016 66,814 66,814 - 1,016 Contingency Reserve 8,000 Unallocated Balance 28,396 General Fund Surplus at 31 March 2021 236,264 NORTH LANARKSHIRE COUNCIL ANTICIPATED COMMITMENTS AGAINST EARMARKED RESERVES AS AT 06 January 2023 (PERIOD 10) 2022/23 Future Years
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Appendix 3 £000 £000 Total Balance B/f per 2021/22 Annual Accounts 29,424 29,754 Approved commitments (819) 29,424 28,935 Period 10 reported variance 0 Earmarked Reserves no longer required 1,016 Total Balance 2022/23 before commitments 29,424 29,951 Known Commitments :- Revised one - off costs of approved savings (1,624) Draw down from Capital Fund 396 Total Balance 2022/23 27,800 30,347 Estimated future Capital Fund Drawdown to 2023/24 1,000 Forecast Balance 27,800 31,347 NORTH LANARKSHIRE COUNCIL AVAILABILITY OF GENERAL FUND BALANCES AS AT 06 January 2023 (PERIOD 10) Change Management Fund Unallocated General Fund