Decision details

Mid-Year Review (FINANCE) 2020/21

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: Yes

Decisions:

Cabinet considered a report on the Mid-Year Review (FINANCE) 2020/21.

 

The report included an update on the financial impact of the pandemic on the Council.

 

Councillor J Clowes, as Chairman of the Corporate Overview and Scrutiny Committee, reported the Committee’s comments on the report and referred to a number of matters on which the Committee had sought further clarification. She requested a written response.

 

RESOLVED

 

That Cabinet

 

1.    notes the contents of the report;

 

2.    notes the contents of Annex 1 to the report, and the current financial impact of Covid-19, of up to £26m, being partially mitigated by non Covid-19 activity;

 

3.    notes the mitigating actions under consideration in order to manage the financial impact of Covid-19 (Section 3 – Reasons for Recommendations);

 

4.    notes the supplementary estimates approved to date in relation to Covid-19 activity (Appendix 2, Table 2);

 

5.    approves the supplementary revenue estimates of £774,000 (155,000 received and £619,000 is pending) relating to the additional grants for Covid-19 Emergency Active Travel Fund (Appendix 2, Table 1);

 

6.    approves the capital virement of £1,700,000 to increase the pothole and challenge funding (Appendix 4, Annex C);

 

7.    notes the approved supplementary capital estimate of £6,855,000 relating to additional Department for Transport grant received (Appendix 4, Annex D); and

 

8.    recommends to Council to approve a fully funded supplementary revenue estimate above £1,000,000 in accordance with Financial Procedure Rules as detailed in (Appendix 2 Table 1).

 

Publication date: 14/10/2020

Date of decision: 06/10/2020

Decided at meeting: 06/10/2020 - Cabinet

Effective from: 22/10/2020

Current call-in Count: 0

Accompanying Documents: