Issue - meetings

The Board received a report from the Operational Director – Finance, which reported the Council’s overall revenue net spending position as at 31 December 2020 together with an initial forecast outturn position, and reported the financial impact of Covid-19 and the Government funding made available to the Council to date.

A summary of spending against the operational revenue budget up to 31 December 2020 was presented in Appendix 1 and Appendix 2 provided detailed figures for each individual Department.  In overall terms the outturn forecast for the year showed that net spend would be over the approved budget by £1.180m.  It was noted that in comparison to the forecast overspend of £4.752m reported at the end of September 2020, this represented a significantly improved position.  Appendix 3 presented the Capital Programme as at 31 December 2020.

RESOLVED:  That

1)    all spending continues to be limited to only absolutely essential items;

2)    departments seek to implement those approved budget savings proposals which currently remain to be actioned;

3)    Strategic Directors take urgent action to identify areas where spending could be reduced or suspended for the remainder of the current financial year; and

4)    Council be requested to approve the revisions to the Capital Programme as set out in paragraph 3.18.