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 December 2020.

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

The Cabinet considered the report of the Chief Finance Officer, updating them on the Council’s financial performance in the quarter 3 period for 2020/21.

The current deficit detailed in the report factored in the Government’s emergency Covid-19 grant and income compensation scheme. Councillor Nicholson reiterated that the income compensation scheme only covered less than 50% of the Council’s overall income loss.

The Cabinet expressed their thanks to the work and efforts of the senior management team, to cover the shortfall from government.

Resolved (Non-key decision):

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

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

Reason for decisions:

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