Councillors and committees

Issue - meetings

Monthly Budget Monitoring

Meeting: 23/06/2020 - Cabinet (Item 98)

98 2020/21 MONTH 1 (APRIL) FINANCIAL REPORT pdf icon PDF 148 KB

Additional documents:

Decision:

RESOLVED:

 

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

 

2.    That the confirmed increase to the Public Health grant due to the initial Agenda for Change (AfC) uplift and the revision to the Public Health budget approved by the Executive Director – Resources be noted.

 

3.    That the transfer of the school surplus balance relating to Darley Dene Primary School to its successor academy of £427,554 revenue and £11,543 capital was supported.

 

Reason for decision:

 

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

 

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

 

Minutes:

The Cabinet Member for Resources gave a detailed overview of a report that provided details of the County Council’s 2020/21 financial position as at 30 April 2020 (M1) for revenue and capital budgets, and the expected outlook for the remainder of the financial year. M1 is a high-level review focussing on risks, opportunities and the impact of COVID-19.

 

RESOLVED:

 

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

 

2.    That the confirmed increase to the Public Health grant due to the initial Agenda for Change (AfC) uplift and the revision to the Public Health budget approved by the Executive Director – Resources be noted.

 

3.    That the transfer of the school surplus balance relating to Darley Dene Primary School to its successor academy of £427,554 revenue and £11,543 capital was supported.

 

Reason for decision:

 

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

 

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