Decision details

Financial Monitoring Report 2020/21

Decision Maker: Cabinet

Decision status: Information Only

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

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 and the reasons for the recommendations, Cabinet noted the report and,

           

RESOLVED to: - 

 

1.    Note the forecast revenue year end position based on actual expenditure as at the end of May 2020 and June 2020 (Period 3) forecasts for the 2020/21 financial year including  Covid-19 forecast is an overspend of £15.707 million. The forecast excluding Covid-19 is an overspend £4.116 million. 

 

2.    Note the forecast capital year end position as at the end of May 2020 of £128.209 million against the revised budget of £122.176 million.

 

3.    Approve the £20.296 million increase to the capital programme as outlined in Section B of the report, including an RCCO of £0.125 million from the Flood Alleviation revenue budget towards the delivery of the capital Drainage programme.

Report author: Cllr Lynden Stowe

Publication date: 22/07/2020

Date of decision: 22/07/2020

Decided at meeting: 22/07/2020 - Cabinet

Effective from: 30/07/2020

Accompanying Documents: