Decision details

2020/21 Quarter 2 Budget Monitoring Report

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.




That Cabinet:


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

Accompanying Documents: