Issue - meetings

AGREED RECOMMENDATIONS

Reason for decision – as specified in the report

Other options considered - none

Conflicts of interest/dispensations granted – none

Link to the report.

RESOLVED

(i)   That the breakdown of the forecast General Fund outturn by individual variance at Appendix 1 of the report and by service area at Appendix 2 of the report be noted.

(ii)  That it be noted that, after the application of COVID-19 government grant funding, there is a forecast net General Fund overspend of (+£23.033m) in 2020/21. (Section 3 and Table 1 of the report)

(iii) That the council is facing total COVID-19 related budget pressures of approximately  £64m and, after government grant received to date, a net gap of approximately £45m (including HRA and potential council tax and business rates income losses) (Paragraphs 3.2-3.3 of the report) be noted;

(iv) That the latest existing saving tracker, unchanged since month 3. (Paragraph 4.36, Table 2 and Appendix 3 of the report) be noted;

(v)  That departmental cash limits be adjusted with effect from 1 July 2020 to reflect the council-wide vacancy factor (Paragraph 4.38 and Table 3 of the report);

(vi) That the forecast in-year HRA deficit of (+£3.990m). (Section 5 and Appendix 2 of the report) be noted;

(vii)   That it be noted that the latest 2020/21 to 2022/23 capital programme and that the COVID-19 crisis is expected to lead to significant slippage of the 2020/21 capital programme to future financial years. (Section 6, Table 4 and Appendix 4 of the report).

Reason for decision – in order to ensure the financial resilience of the council

Other options considered - none

Conflicts of interest/dispensations granted – none