Issue - meetings
2020/21 Revenue Budget Monitoring Report for the Period Ending 30th June 2020
Meeting: 06/08/2020 - District Executive (Item 174)
174 2020/21 Revenue Budget Monitoring Report for the Period Ending 30th June 2020 
PDF 177 KB
Additional documents:
- 11 Revenue QTR 1 Appx A Monitoring Report 20-21 Detailed budget report V2, item 174
PDF 213 KB
- 11 Revenue QTR 1 Appx B Monitoring Report 20-21 Area Reserves, item 174
PDF 45 KB
- 11 Revenue QTR 1 Appx C Monitoring Report 20-21 Corp Reserves, item 174
PDF 52 KB
Decision:
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RESOLVED: |
That District Executive agreed to:- |
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a. |
note the current 2020/21 financial position of the Council; |
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b. |
note the predicted variance to approved Directorate Budgets as detailed in paragraph 9, Table 1; |
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c. |
note the transfers made to and from reserves outlined in paragraph 28 Table 3, the Area Reserves as detailed in Appendix B, and the Corporate Reserves as detailed in Appendix C. |
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Reason: |
To provide Members with the current projection of the forecast spending and income (“outturn”) against the Council’s approved Revenue Budget for the financial year, and to explain projected variations against budget. |
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Minutes:
The Portfolio Holder for Finance and Legal Services introduced the report and drew Members attention to Table 1, which detailed the lost income and expenditure and the current budget deficit of £6.243m. Additional services provided during the Covid-19 pandemic were estimated to have cost 1.953m and Government funding of £2.140m had been received. The Government had been approached to assist with funding the lost income. He proposed that the recommendations be agreed by Members.
It was noted that the Scrutiny Committee had not raised any questions regarding the report and the Scrutiny Chairman thanked the Finance staff for compiling the reports whilst coping with additional work during the Covid-19 pandemic.
At the conclusion of the debate, Members were content to note the recommendations of the report.
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RESOLVED: |
That District Executive agreed to:- |
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|
|
a. |
note the current 2020/21 financial position of the Council; |
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|
b. |
note the predicted variance to approved Directorate Budgets as detailed in paragraph 9, Table 1; |
|
|
c. |
note the transfers made to and from reserves outlined in paragraph 28 Table 3, the Area Reserves as detailed in Appendix B, and the Corporate Reserves as detailed in Appendix C. |
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Reason: |
To provide Members with the current projection of the forecast spending and income (“outturn”) against the Council’s approved Revenue Budget for the financial year, and to explain projected variations against budget. |
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