Decision Maker: Strategy and Resources Committee
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
The Committee considered the report of the Director of Resources providing information in relation to financial performance over the period 1 April to 30 September 2020. The report provided an update on a number of areas including the following:
· Gross Service Income and Expenditure;
· Top Expenditure Areas and Variance Analysis - A detailed breakdown of refuse, recycling and street cleansing was set out in Appendix 2 and ICT expenditure in Appendix 4.
· Top Income Areas and Variance Analysis;
· Salary Monitor as at 30 September 2020 (Appendix 1);
· Predicted General Fund Balance;
· Capital Projects Monitor as at 30 September 2020 (Appendix 5)
The Chairman drew Members’ attention to an addendum to the report which had been circulated prior to the meeting. The addendum sought to update information contained within tables 4 and 5 of the report.
It was noted that the Council’s ability to operate within its budget had been directly impacted by the Coronavirus Pandemic, resulting in huge income shortfalls and overspends. Although Government Grants had mitigated some of this they had not fully compensated the Council and there was therefore a shortfall which would have to come out of the General Fund.
The Chairman moved the recommendation set out the report and this was duly seconded.
In response to a question, the Director of Resources advised that the report was based on the most up to date figures at the time of writing and Officers would continue to update these moving forward. It was also confirmed that the level of General Fund was set by the Council on an annual basis following recommendation from the Section 151 Officer.
The Chairman put the recommendation to the Committee and it was agreed by assent.
RESOLVED that the contents of the report be noted.
Publication date: 09/12/2020
Date of decision: 19/11/2020
Decided at meeting: 19/11/2020 - Strategy and Resources Committee