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Agenda item

Budget Monitoring Outturn report P7

Report To Follow

Decision:

Cabinet Approved

  1. 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

  1. Risks associated with the forecast outturn and the long-term financial impact on the Council as a result of COVID-19 pandemic.
  2. The estimated Collection fund deficit of £12.8m impacting in future years Appendix A, Section 3.5.
  3. 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.
  4. Forecasts underspend of £3.6m with regard to the Housing Revenue Account.
  5. A forecast in-year deficit of £8m and a total £10.9m carried forward deficit in the ring fenced Dedicated Schools Account (DSG).
  6. 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).
  7. A forecast £3.6m underspend against the approved Capital Programme.

 

 

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