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Decision details

Revenue and Capital Budget Monitoring, Cash Limits and Virements – April 2020 to December 2020

Decision Maker: Cabinet

Decision status: Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

This report presents the financial monitoring information for the Authority as a whole for the financial year 2020/21, using information available as at the end of December 2020.

Decision:

RESOLVED (unanimously) that the Cabinet agreed to:

 

1)  Note the 2020/21 revenue budget position (as at the end of December 2020).

2)  Note the revenue virements listed for information only in Appendix 3(i).

3)  Note the capital year-end forecast detailed in paragraph 3.36 of this report;

4)  Note the changes in the capital programme including capital schemes that have been agreed for full approval under delegation listed in Appendix 4(i).

Reasons for the decision:

The annual medium-term financial planning process allocates resources across services with alignment of these resources towards the Council’s corporate priorities. This report monitors how the Council is performing against the financial targets set in February 2020 through the Budget setting process.

 

Alternative options considered:

None.

Report author: Gary Adams

Publication date: 11/02/2021

Date of decision: 11/02/2021

Decided at meeting: 11/02/2021 - Cabinet

Effective from: 19/02/2021

Accompanying Documents: