Issue - meetings

Executive Board considered the attached report.

RECOMMENDED: That Council approve

1)    The revisions to the Council’s 2020/21 Capital Programme set out in paragraph 3.2.

            The Council considered a report of the Operational Director, Finance, on the 2020/21 Revised Capital Programme.

            RESOLVED: That the revisions to the Council’s 2020/21 capital programme set out in paragraph 3.2, be approved.

The Board received a report from the Operational Director – Finance, which presented the Council’s overall revenue net spending position as at 30 June 2020, together with a forecast outturn position.  It also advised Members on the financial impact of Covid-19 and summarised Government funding made available to the Council to date.

The following appendices were attached:

·         A summary of spending against the operational revenue budget up to 30 June 2020 – Appendix 1;

·         Detailed figures for each individual department – Appendix 2; and

·         Capital Programme spending – Appendix 3.

It was reported that as at 30 June 2020 total spending was £770,000 above budget and in overall terms the outturn forecast for the year showed that net spend would be over budget by £6.951m, unless corrective action was taken.  It was noted that this was inclusive of additional costs and loss of income incurred as a result of Covid-19 as explained in paragraph 3.2.

RESOLVED: That

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

2)    Departments seek to implement those approved budget savings proposals which currently remained 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;

4)    the write off debts as set out in paragraph 3.19 be approved; and

5)    Council be requested to approve the revisions to the Capital Programme as set out in paragraph 3.17.