Decision details

RESOLVED:

That District Executive agreed to:-

a.

note the 2020/21 forecast financial position of the Council;

b.

note the predicted variance to approved Directorate Budgets as detailed in paragraphs 10 and 12;

c.

note the budget virements made under delegated authority as detailed in Appendix B;

d.

approve the budget virements included in paragraph 16, Table 4;

e.

approve a budget allocation of up to £420k towards local government change, to be held in an earmarked reserve;

f.

note the transfers made to and from reserves outlined in paragraph 30 Table 6, the Area Reserves as detailed in Appendix C, and the Corporate Reserves as detailed in Appendix D.

Reason:

To note the current projection of the forecast spending and income (“outturn”) against the Council’s approved Revenue Budget for the financial year, and to agree the projected variations against budget.