Decision details

The Executive considered a report with regard to Second Quarter General Fund Revenue Monitoring 2020/21.

The Strategic Director (CF) drew attention to the fact that the losses outlined in the report related to Quarter 2 of 2020/21 (July to September 2020) and therefore did not include any amounts related to the current second Covid-19 lockdown.

It was RESOLVED:

1.          That the 2020/21 2^nd Quarter net decrease in General Fund expenditure of £30,000 be approved.

2.          That the net Covid budget pressures of £2,132,360 be noted, and the amount ring-fenced in the General Fund to ensure resources are available for 2020/21 if no further funding is forthcoming from the Government (other than that set out in Paragraph 4.1.20 of the report).

3.          That it be noted that cumulative changes made to the General Fund net budget remains within the £400,000 increase variation limit delegated to the Executive, as set out in Paragraph 4.1.21 of the report.

4.          That it be noted that the 2021/22 ongoing net pressure of £205,000 will be incorporated into the Budget setting process, and that further ongoing pressures identified as risks within the report will be determined and incorporated within the General Fund budget setting process.

Reason for Decision:  As contained in report.

Other Options considered:  As contained in report.