8 2020/21 Revised Capital Programme (Minute EXB 21 refers) PDF 89 KB
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.
Minutes:
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.
21 2020/21 Revenue Spending as at 30 June 2020 PDF 243 KB
Minutes:
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.