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Decision details
Budget Monitoring Outturn report P7
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To provide an update to Cabinet for Period 7.
Decision:
Cabinet Approved
- The acceptance and incorporation of £2.635m prospective grant funding into the Council’s Revenue budget from new grants as detailed in Appendix A, Section 3.4.2.
That Cabinet Noted
- Risks associated with the forecast outturn and the long-term financial impact on the Council as a result of COVID-19 pandemic.
- The estimated Collection fund deficit of £12.8m impacting in future years Appendix A, Section 3.5.
- A risk of non COVID-19 related overspend on General fund services, an overall forecast overspend of £6.6mfor 20/21 at Period 7, representing 1.7% of the approved budget.
- Forecasts underspend of £3.6m with regard to the Housing Revenue Account.
- A forecast in-year deficit of £8m and a total £10.9m carried forward deficit in the ring fenced Dedicated Schools Account (DSG).
- In line with the scheme of delegation the emergency decision record with regards to the distribution of Round 2 (phase 1 ) Infection Control fund (Appendix A7).
- A forecast £3.6m underspend against the approved Capital Programme.
Report author: Denise Murray
Publication date: 01/12/2020
Date of decision: 01/12/2020
Decided at meeting: 01/12/2020 - Cabinet
Effective from: 11/12/2020
Accompanying Documents:
- P07 Budget Monitoring Summary Report PDF 180 KB
- P07 Appendix A - Revenue Budget Monitoring PDF 160 KB
- P07 Appendix A1 - People PDF 152 KB
- P07 Appendix A2 - Resources PDF 207 KB
- P07 Appendix A3 - Growth and Regeneration PDF 357 KB
- P07 Appendix A4 - HRA PDF 155 KB
- P07 Appendix A5 - DSG PDF 119 KB
- P07 Appendix A6 - Public Health PDF 113 KB
- P07 Appendix A7 - COVID-19-Infection Control Fund round two PDF 93 KB
- P07 Appendix B - Capital Budget Monitoring Report PDF 138 KB
- Appendix B1 - 2020-21 Capital Programme Summary as at Period 7 PDF 151 KB