Issue - meetings

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 June 2020.

The Chair invited Councillor Richard Samuel to introduce the report.

Councillor Richard Samuel introduced the report by saying that it covered the first quarter of the 2020/2021 financial year. It was very different report that it would normally expect the Cabinet to receive at this time of year but this was due to the coronavirus crisis.  The Cabinet had already approved a financial recovery plan a few weeks ago, and although the position set out in this report was very worrying, it was something that the Council expected to deal with. Councillor Samuel said that he had heard that Robert Jenrick was talking about support for losses of Council Tax and Business Rates income, which was encouraging. Nevertheless, the Council should continue with business as usual, in terms of reporting actual facts and figures, and not trying to conceal them.

Councillor Richard Samuel moved the recommendations as printed in the report.

Councillor Rob Appleyard seconded the motion by saying that Councillor Samuel, and his team of officers, should take credit for the work that has actually been done.  Councillor Appleyard also praised Chief Executive, Corporate Director and a number of other Council services and teams who have worked so hard to continue provision of services to the community during the pandemic.

RESOLVED (unanimously) that the Cabinet agreed to:

2.1  To note the 2020/21 revenue budget position (as at the end of June 2020).

2.2  To approve the revenue virements listed for approval in Appendix 3(i) and to note those virements listed for information only.

2.3  To note the capital year-end forecast detailed in paragraph 3.39 of this report;

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