Decision details

RESOLVED:-

1.    CORPORATE FINANCE PERFORMANCE

(a)      The current forecast General Fund Revenue overspend of £52.2M incorporating the ongoing impact of COVID-19 be noted;

(b)      The current forecast Housing Revenue Account overspend of £0.8M incorporating the ongoing impact of COVID-19 be noted;

(c)       The overall net impact (after all Government funding) of £11.9M be noted;

(d)      The financial plan / earmarking of resources to fully mitigate the current forecast deficit and any further pandemic related spend that may arise in 21/22 as set out at paragraphs 3.11 to 3.17 of the report be agreed;

(e)      The continuation of the moratorium on all non-essential expenditure and the suspension of non-urgent one-off investments originally approved to commence in 20/21 be approved; and

(f)        The write off of historic bad debts totalling £1.0M be approved.

2.    CAPITAL PROGRAMME PERFORMANCE

(a)      The forecast position on the approved Capital Programme be noted; and

(b)      The external funding position highlighted in paragraphs 4.1 of the report be noted.

3.    TREASURY MANAGEMENT

(a)         The key messages from the Council’s Treasury Management activities be noted.