Cabinet resolved to:
(i) 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;
(ii) Note the update on key savings programmes, as set out in section 5 of the report;
(iii) Note the update on the impact of COVID-19 and the lockdown, as set out in section 6 of the report;
(iv) Approve the loan of £308,828 (including capitalised interest) to Barking and Dagenham Reside Ltd to smooth the financial return to the Council, as set out in section 9 of the report;
(v) Approve the working capital loan to Barking and Dagenham Reside Regeneration Ltd, at 3% interest with a maximum loan facility of £371,000, as set out in section 9 of the report; and
(vi) Approve the budget amendments / virement totalling £1.32m, as set out in section 10 of the report.