Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
This report outlines the forecast financial
position of the organisation at the end of 2020/21 based on the
information known at the end of the second quarter.
a) Notes the forecast underspend of £4.784m for the 2020/21 financial year on the Council’s revenue budget.
b) Notes there is a forecast under-delivery of the 2020/21 savings requirement to the value of £2.694m.
c) Notes the increases to the approved 2020/21 capital programme of £0.363m since the programme was last reported in Quarter 1.
d) Approves the carry forward of the reprofiled spend on the capital programme of £7.847m in 2020/21 into future years.
e) Acknowledges that at the date of writing this report, the National Lockdown commencing on 5 November had not been announced. As such, it is important to note that the inevitability of potentially significant changes to the forecast position. This will be driven by changes to Covid related income and expenditure pressures and also Covid funding changes.
Report author: Andrew Healey
Publication date: 13/11/2020
Date of decision: 12/11/2020
Decided at meeting: 12/11/2020 - Cabinet
Effective from: 20/11/2020