Issue - meetings

Cabinet:

(a)      Acknowledged the forecast 2020/2021 revenue outturn position against the approved revenue budget shown in Appendix C, the projected major variances with reasons for these variances and the action being taken to address the underlying issues;

(b)      Acknowledged the latest Capital Programme 2020/2021 to 2024/2025 position [and variances, if any] as shown in Appendix D.

Cabinet considered a report from the Head of Finance. Councillor John Williams noted there was an underspend in some of the council's services which was identified but there was a small overspend in finance and corporate services related to additional resources, and in facilities to help with Covid-19 related issues. The Council has also supported the community and businesses through the crisis, but it is not yet clear if the government grant will cover the costs to the General Fund. Councillor Bill Handley mentioned the Council’s continued support of the Community during the initial months of the Covid-19 pandemic, including the £24 million distributed among 1,900 local businesses.

Councillor Bridget Smith, the Leader of the Council, concluded by thanking officers for their work on this project, and Cabinet:

(a)      Acknowledged the forecast 2020/2021 revenue outturn position against the approved revenue budget shown in Appendix C, the projected major variances with reasons for these variances and the action being taken to address the underlying issues;

(b)      Acknowledged the latest Capital Programme 2020/2021 to 2024/2025 position [and variances, if any] as shown in Appendix D to the officer report.