Decision details

Financial Monitoring Report 2020/21

Decision Maker: Cabinet

Decision status: Information Only

Is Key decision?: Yes

Is subject to call in?: Yes


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,




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: