Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
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, Cabinet noted the report and,
RESOLVED to: -
Note the forecast revenue year end position based on
actual expenditure as at the end of July 2020 and August 2020
(Period 5) forecasts for the 2020/21 financial year including
Covid-19 forecast is an overspend of £9.948 million. The
forecast excluding Covid-19 is an overspend £6.532
Note the forecast capital year end position as at
the end of July 2020 of £136.279 million against the revised
budget of £129.699 million.
Approve the £1.659million increase to the
capital programme as outlined in Section C of the report.
4. Note progress on delivery of the £6.384 million of savings against a target of £10.545 million in 2020/21 or 60.54%.
Report author: Cabinet Member - Finance and Change
Publication date: 14/10/2020
Date of decision: 14/10/2020
Decided at meeting: 14/10/2020 - Cabinet
Effective from: 22/10/2020