Issue - meetings
Revenue Budget Monitoring 2020/21 - Round 1
Meeting: 25/08/2020 - Cabinet (Item 8)
8 Revenue Budget Monitoring Round 1 2020/21 
PDF 525 KB
Additional documents:
Minutes:
Background:
This report presented the results of the first round of revenue budget monitoring 2020/21. The report explained that the first round of budget monitoring for 2020/21 forecasted an overspend on services of £22.920million, however the non-ringfenced Covid-19 Grant forecasted to be available to fund this pressure in 2020/21 amounted to £22.095million. A total of £4.941million of the overspend against the SEND budget had been transferred to the DSG reserve taking the cumulative deficit on that reserve to £14.287million. This resulted in a net pressure of £756,000.
The report also presented a summary of debts written off during the 2017/18, 2018/19 and 2019/20 financial years in line with the constitutional requirement to submit a report to Cabinet on an annual basis setting out details of all debt written off.
Concerning table 1 of the report, the Leader clarified that the drawdown from reserves referenced did not reflect a drawdown from the Council’s general fund reserves.
|
Decision number: |
Decision: |
|
100/2020 |
The Cabinet noted the results of the first round of revenue budget monitoring for 2020/21 and agreed to instruct senior management to continue to exercise tight control to reduce expenditure within their areas and to identify a range of management actions in order to reduce expenditure and increase income. |
|
|
The Cabinet noted the proposal for the Chief Executive to pursue a reduced working week and flexible retirement, as set out in paragraph 6.2.3 of the report. |
Reasons:
Cabinet has the responsibility to ensure effective budgetary control to contain expenditure within the approved limits set by Council.