Issue - meetings

Cabinet discussed the 2020-21 budget monitoring report for General Fund revenue and capital which reflected the latest forecasts in light of the Covid-19 pandemic. Covid-19 continued to present a significant risk to the council’s finances. The council had estimated the financial impact of the restrictions and then implemented some initiatives to mitigate the effects of the pandemic.However government support will be essential to delivering a balanced position for this council.

Councillor Pugh spoke under Council Procedure 20.1.

Councillor Yates proposed, Councillor Everitt seconded and Cabinet agreed the following:

1.  To note:

(i)  The General Fund revenue budget 2020-21 forecast position;

(ii)  The General Fund Capital Programme 2020-21 forecast position;

(iii)  The Housing Revenue Account position.

2.  To approve the transfer of £200k of the Covid Shortfall Reserve to the Equalisation Reserve (see paragraph 3.4 to the Cabinet report);

3.  To the updated General Fund capital programme as set out in Section 4 and Annex 1 to the report.