73 Revenue Spending as at 31 December 2020 PDF 280 KB
Minutes:
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.