Decision details

Cabinet Member for Finance and Change, Cllr Lynden Stowe, gave an update on the year-end forecasts for the County Council’s Revenue and Capital Budgets 2020/21.

Having considered all of the information, Cabinet noted the report and,

RESOLVED to:

1. Note the forecast revenue year end position based on actual expenditure as at the end of January 2021 and February 2021 (Period 11) forecasts for the 2020/21 financial year including Covid-19 forecast is an underspend of £1.790 million all of which relates to non Covid-19 expenditure, as we are forecasting a balanced position in relation to Covid-19 expenditure and income.

2. Note the forecast capital year end position as at the end of January 2021 of £123.566 million against the current budget of £123.527 million.

3. Approve the £4.166 million increase to the capital programme as outlined in section B of the report.