Issue - meetings

To consider the recommendations from Cabinet.

Council considered the recommendations from Cabinet to approve supplementary revenue estimates, supplementary capital estimates and capital virements from the following reports:

·         2020/21 Financial Outturn – considered by Cabinet on 9 June 2020

·         Capital, Investment and Treasury Management Strategies Annual Review 2019/20 – considered by Cabinet on 8 September 2020

·         Mid-Year Review (Finance) 2020/21 – considered by Cabinet on 6 October 2020.

RESOLVED:  That

1          the fully funded supplementary revenue estimate above £1,000,000 be approved in accordance with Financial Procedure Rules, as detailed in 2019/20 Financial Outturn Appendix 2 Table 1;

2          the capital virements above £1,000,000 be approved in accordance with Financial Procedure Rules, as detailed in Capital, Investment and Treasury Management Strategies Annual Review 2019/20 Appendix 1 Annex C;

3          the supplementary capital estimates above £1,000,000 be approved in accordance with Financial Procedural Rules, as detailed in Capital, Investment and Treasury Management Strategies Annual Review 2019/20 Appendix 1 Annex D; and

4          the fully funded supplementary revenue estimate above £1,000,000 be approved in accordance with Financial Procedure Rules, as detailed in Mid-Year Review (Finance) 2020/21 Appendix 2 Table 1.

To consider a report on the Mid-Year Review (FINANCE) 2020/21.

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).