Decision details

RESOLVED:

(1)       That the Service Director – Resources be requested to add an additional column into ‘Table 5 – COVID Financial Impact on General Fund’ relating to the heading ‘Expected to be covered by Income guarantee’. Members requested that figures should be provided in the additional column in order to show the amount covered by the Council and the amount covered by the income guarantee. This amendment to Table 5 to be provided as an Addendum to the Cabinet report.

(2)       That Officers be thanked by the Committee for their work in administering grants to those in need as a result of the coronavirus pandemic.

RECOMMENDED TO CABINET:

(1)       That the report entitled Third Quarter Revenue Monitoring 2020/21 be noted;

(2)       That the changes to the 2020/21 General Fund budget, as identified in table 3 and paragraph 8.2, a £624k increase in net expenditure, be approved. (Noting that this net movement is expected to be covered by an increase in the Sales, Fees and Charges compensation from Government that has been applied);

(3)       That the changes to the 2021/22 General Fund budget, as identified in table 3 and paragraph 8.2, a total £17k decrease in net expenditure, be approved.

REASON FOR DECISIONS:

Members are able to monitor, make adjustments within the overall budgetary framework and request appropriate action of Services who do not meet the budget targets set as part of the Corporate Business Planning process.