Issue - meetings

RESOLVED:

1.    That Cabinet notes the Council’s forecast revenue and capital budget positions.

2.    That Cabinet approves the reset of Directorate budgets to distribute Covid-19 funding set out in paragraphs 7 to 10.

Reasons for Decisions:

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

(This item can be called in by the Resources and Performance Select Committee]

The Deputy Leader and Cabinet Member for Finance and Resources explained that at Month 5, the Council was forecasting a full year £19.1m deficit against the revenue budget. However a plan was in place to close the gap by the year end and work was being undertaken with directorates across the council to close this gap by the year end. The council intends to balance the budget at the year end without the use of reserves. There was significant pressures in the adult social care children, social services and special education needs and disabilities. This was very much driven by an increase in demand for services, predominantly as a result of COVID. The Cabinet Member stated that she hoped to see funding sufficiency for these demand led areas addressed in the spending review.

RESOLVED:

1.    That Cabinet notes the Council’s forecast revenue and capital budget positions.

2.    That Cabinet approves the reset of Directorate budgets to distribute Covid-19 funding set out in paragraphs 7 to 10.

Reasons for Decisions:

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

(This item can be called in by the Resources and Performance Select Committee]