Decision details

Budget Monitoring 2021-22: Report No.1

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes


Cabinet were presented with a report providing the first 2021-22 budget monitoring report for General Fund revenue and capital, reflecting the latest forecasts in light of Covid-19 (hereafter referred to as “Covid”) as well as the Housing Revenue Account. Cabinet approval was granted for an number of budget adjustments and the approach to addressing the forecast budget gap for 2021-22.


Cabinet agreed the following:


1.  To fund the budget gap as at para 5.2 to the Cabinet report as detailed below:


“Currently it is anticipated that there will be £1m remaining in the Covid reserve as at the end of 2020-21 based on provisional outturn and it is proposed that this, along with the £1m forecast additional emergency funding, and anything received through Sales Fees and Charges compensation will fund this gap, if it materialises.”


2.  To the change in HRA funding as set out in para 7.2 of the Cabinet report, as detailed below:


“To budget virements totalling £897k to fund pressures within the HRA”


3.  To the updated General Fund capital programme as set out in Section 6 and Annex 1 to the Cabinet report.

Reasons for the decision:

To ensure effective management of the council’s finances.

Alternative options considered:


Report author: Chris Blundell

Publication date: 30/07/2021

Date of decision: 29/07/2021

Decided at meeting: 29/07/2021 - Cabinet

Effective from: 07/08/2021

Accompanying Documents: