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 December 2020.

Councillor Richard Samuel introduced the report by saying that this was a regular quarterly report it covers Quarter Three period. The Council was on course to end the year the balanced budget position, which was an outstanding achievement considering the impact that the pandemic had on the Council. This was achieved with swift actions taken by the Cabinet and the Council’s senior management team to control Council’s finances.

The capital budget has been impacted by the pandemic and Councillor Samuel highlighted the deficits on the collection of the Council Tax and Business Rates as a concern for future years.

Councillor Richard Samuel moved the recommendations.

Councillor Dine Romero seconded the motion and thanked Councillor Samuel, other Cabinet Members, and the relevant officers for ensuring that the Council was in the balanced budget position.

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).