Issue - meetings

That: 

1)               the financial impact of the COVID-19 crisis, as illustrated in the Executive Summary, be noted;

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 be, noted;

3)               a supplementary estimate of £31,500 for Tone of Voice project be approved.

The Executive considered a report setting out the budget monitoring position for the revenue budget for quarter one.

The Executive Member for Finance and Housing introduced the report and advised that it was the first report for the 2021/22 financial year and reminded Members that the previous year’s budget had resulted in a shortfall of £400k.   Councillor Kaiser advised that it was currently being predicted that the shortfall this year would be in the region of £600k; although it should be recognised that it was still early in the financial year.

Councillor Kaiser also drew Members’ attention to the request for a supplementary estimate for the Tone of Voice project which would improve  the Council interactions with its customers.

RESOLVED that: 

1)               the financial impact of the Covid-19 crisis. as illustrated in the Executive Summary, be noted;

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, be noted;

3)               a supplementary estimate of £31,500 for Tone of Voice project be approved.