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 was introduced by the Cabinet Member for Resources and Corporate Support whom gave an update on the County Council’s 2020/21 financial position as at Month 9 (M9) 31 December 2020 for revenue and capital budgets.As at December 2020, the Council was forecasting a full-year £0.2m deficit, an improvement of £3.2m from the previous month. Progress towards delivering the capital programme remained strong. The impact of COVID-19 would be monitored but the council’s finances are expected to remain resilient and would deliver a balanced budget.

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]