Decision details

Financial Monitoring Report 2020/21

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To provide an update on the year-end forecast for the 2020/21 County Council’s Revenue and Capital Budgets

Decision:

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 November 2020 and December 2020 (Period 9) forecasts for the 2020/21 financial year including Covid-19 forecast is an overspend of £1.730 million, all of which relates to non Covid-19 expenditure, as we are forecasting a balanced position in relation to covid expenditure and income.

 

2. Note the forecast capital year end position as at the end of November 2020 of £123.280 million against the current budget of £123.463 million.

 

3. Approve the £3.086 million increase to the capital programme as outlined in section B of the report.

 

Publication date: 27/01/2021

Date of decision: 27/01/2021

Effective from: 04/02/2021

Accompanying Documents: