Decision details

Cabinet noted:

1. the contents of the report and the final position of the General fund for the financial year 2019/20 of a £5.3 million deficit, and the key reasons for budget variances as set out in Appendix A of the report;
2. the final outturn of the Council’s capital expenditure, of total expenditure of £144.7 million compared to a final capital budget for the year of £142.8 million;
3. the outturn position for the Dedicated Schools Grant of £2.9 million deficit to be carried forward;
4. the outturn position for the Housing Revenue Account of £1 million underspend to be carried forward for the councils landlord functions;
5. the balanced outturn position of the public health grant;
6. the implication of the final outturn on the Council’s reserve;
7. the in-year collection levels for both Business Rates and Council Tax;
8. the level of aged debt as at 31 March 2020; and
9. the performance on delivery of savings;
10. the use of £0.5 million of covid-19 emergency grant funding against pressures in March.

Cabinet approved:

1.      the re-profiling of the acceleration or slippage for each scheme within the Capital Programme as set out in Appendix A4

Cabinet delegated:

1.      authority to the Director of Finance after consultation with the Deputy Mayor and Cabinet Member for Finance, Governance & Performance to make any technical adjustments to ear-marked reserves necessary on receipt of the final business rates income.