Decision details

Financial Monitoring Report

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,




1.    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 million.

2.    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.

3.    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

Accompanying Documents: