Decision details

To consider the revenue budget position at the end of quarter 2

That the following be noted: 

1)        the significant financial impact of the Covid-19 crisis as illustrated in the Executive Summary and that any unfunded additional responsibilities falling on the Council as a result of any further lockdown measures are not included in the 2020/21 forecasts;

2)        the overall forecast of the current position of the General Fund revenue budget, Housing Revenue Account (HRA) and Dedicated Schools Grant (DSG) illustrated in the Executive Summary and appendices attached to the report;

3)        the recent announcement from the Prime Minister confirmed that there would be a further package of support for local government, of around £1 billion. Further details of this funding will be confirmed shortly. Any income and related expenditure from this is currently not factored in the figures in the report;

4)        that on 22 September, the Council were allocated £55k from Local Authority Compliance and Enforcement Grant. Any income and related expenditure from this is currently not factored in the figures in the report.