Issue - meetings

Report of Chief Finance Officer

Lead Cabinet member: Councillor Zoe Nicholson

(Non-key decision):

(1) To note the General Fund, HRA and Collection Fund financial performance for the quarter ended June 2020.

(2) To agree the amended capital programme as set out at appendix 2 to the report.

(3) To approve a revenue budget of £350k for HRA feasibility works, to be funded from the HRA Reserve, and to delegate authority to the Director of Regeneration and Planning to approve all expenditure, to be sub-delegated as required.

The Cabinet considered the report of the Chief Finance Office, updating members on the Council’s financial performance in quarter 1 for 2020/21.

Councillor Nicholson advised that the Council would continue to lobby central government to ensure they deliver the financial support that was promised at the start of the Covid-19 pandemic.

In response to a question from visiting member and Chair of Audit and Standards Committee, Councillor Peterson, the Chief Finance Officer advised that in the event of no further support from central government being received, the Council would continue to be proactive in reducing the cost of service delivery whilst maintaining services to the District. Continued engagement with various networking groups in lobbying central government would also take place and the Council’s would continue to ensure that its financial resilience was as strong as can be to face the challenges ahead.

Resolved (Non-key decision):

(1) To note the General Fund, HRA and Collection Fund financial performance for the quarter ended June 2020.

(2) To agree the amended capital programme as set out at appendix 2 to the report.

(3) To approve a revenue budget of £350k for HRA feasibility works, to be funded from the HRA Reserve, and to delegate authority to the Director of Regeneration and Planning to approve all expenditure, to be sub-delegated as required.

Reason for decisions:

To enable Cabinet members to consider specific aspects of the Council’s financial performance.