Issue - meetings

RESOLVED:

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

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 Resources and Performance Select Committee]

The report introduced by the Cabinet Member for Resources and provides details of the County Council’s 2020/21 financial position as at Month 8 (M8) 30 November 2020 for revenue and capital budgets and the projected outlook for the financial year.As at November 2020 (M8); the Council was forecasting a full-year £3.4m deficit, a small improvement of £0.2m from the previous month. Work continues to identify further efficiencies to close the deficit against the budget. Reforecasting of the impact of Covid-19 will continue at M9 and further budget resets may be required. Further details were given of the revenue and capital budget positions for the year.

RESOLVED:

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

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 Resources and Performance Select Committee]