Decision details

The Cabinet will be asked to consider the projected position of the Council’s revenue and capital budgets for 2020/21 and, if necessary, consider proposals for in-year adjustments aimed at achieving a balanced budget position at the year end.

Cabinet resolved to:

(i)  Note the overall financial risks and issues outlined in the report, including both the underlying issues and those arising from the COVID-19 pandemic and lockdown;

(ii)  Note the projected revenue outturn forecast for the 2020/21 financial year as set out in sections 2 to 4 and Appendix A of the report and the potential impact on the reserves position as set out in section 7 of the report;

(iii)  Note the update on key savings programmes, as set out in section 5 of the report;

(iv)  Note the update on the impact of COVID-19 and the lockdown, as set out in section 6 of the report; and

(v)  Agree the revised Capital Programme for 2020/21 and note the Quarter 1 expenditure position, as set out in section 9 and Appendix B to the report.