Council services by letter

Decision details

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Revenue and Capital Monitoring 2020/21 - Quarter 3 as at 31st December 2020

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

1.    To note the Revenue and Capital forecast position as at Quarter 3

2.    To approve virements

3.    To approve any amendment in the capital programme delegated to Cabinet

Decisions:

RESOLVED:  That

 

(1)          the revenue and capital forecast positions set out in paragraphs 1.2 and 1.10 of the officer report, be noted;

 

(2)          the grave concerns being expressed at the legacy impact of COVID-19 over the Medium-Term Financial Strategy (MTFS) and the work being undertaken on finance sustainability, as set out in paragraphs 2.46 to 2.53 of the officer report, be noted;

 

(3)          the proposed amendments to the Capital Programme as set out in paragraphs 3.33 to 3.35 of the officer report, be approved;

 

(4)          progress on the Council’s Trading Update as at Quarter 3, as detailed in Appendix 6 to the officer report, be noted.

 

Reason for Decision:  To report the 2020/21 forecast financial position as at Quarter 3 (31 December 2020), update Cabinet on trading company performance and seek approval for Capital Programme adjustments which required Cabinet approval in accordance with the Financial Regulations.

 

Alternative Options Considered and Rejected:  As set out in the report.

 

Conflict of Interest relating to the matter declared by Cabinet Member/Dispensation Granted:  None.

Divisional Director of Housing

 

Councillor Phil O’Dell, Portfolio Holder for Housing, advised that this was the last Cabinet meeting of Nick Powell, Divisional Director for Housing. On behalf of all Cabinet Members, he expressed his gratitude to Mr Powell for his time and hard work leading the Council’s regeneration programme and wished him every success in the future.

 

Report author: Charlie Stewart

Publication date: 12/02/2021

Date of decision: 11/02/2021

Decided at meeting: 11/02/2021 - Cabinet

Effective from: 20/02/2021

Accompanying Documents: