Councillors and committees

Issue - meetings

Monthly Budget Monitoring

Meeting: 31/03/2020 - Cabinet (Item 45)

45 2019/20 Month 10 (January) Financial Report pdf icon PDF 210 KB

Additional documents:

Decision:

RESOLVED:

 

That the Council’s forecast revenue and capital budget positions for the year be noted.

 

Reason for decision:

 

This report was to comply with the agreed policy of providing a monthly budget monitoring report to Leader and Cabinet for Member for approval of any necessary actions.

 

[The decisions on this item can be called in by the Resources and Performance Select Committee]

 

Minutes:

The Cabinet Member for Finance gave a brief overview of the report which reflected revenue and capital budgets, the expected outlook for the remainder of the financial year and, also as a quarter-end report.  It also included Treasury Management and Debt.  The Cabinet Member explained how the COVID 19 had affected the target of a balanced budget for this year.  He explained that he expected little effect for this year but that the council would need to look at the impact6 for 2021/22 revenue and capital budgets.

 

The Leader explained that the council would be looking for reimbursement from government and that whilst the council would be under great strain going forward the council was in a good position due to the work undertaken over the last few years.

 

RESOLVED:

 

That the Council’s forecast revenue and capital budget positions for the year be noted.

 

Reason for decision:

 

This report was to comply with the agreed policy of providing a monthly budget monitoring report to Leader and Cabinet for Member for approval of any necessary actions.