Decision details

Corporate Finance Performance Quarter Ending 30 June 2021 (Cab.22.9.2021/16)

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes


RESOLVED that Cabinet noted:-


1.         The Corporate Finance Performance Report for Quarter 1 ending 30 June 2021;


a)         Corporate Finance Performance


2.         The forecast 2021/22 General Fund overspend of £22m, mostly comprised of the ongoing impact of Covid-19;


3.         The current 2021/22 forecast of a balanced position on the Housing Revenue Account;


4.         The overall net impact (after all specific Government funding) of £6.6m;


5.         That the net impact will be funded from resources previously set aside within the 2021/22 budget;


6.         Approval of the write off of historic bad debts totalling £0.594m;


b)         Capital Programme Performance


7.         The forecast position on the approved Capital Programme;


8.         The ongoing review of the Capital Programme; and


c)         Treasury Management


9.         The key messages from the Council’s Quarter 1 Treasury Management activities.

Publication date: 22/09/2021

Date of decision: 22/09/2021

Decided at meeting: 22/09/2021 - Cabinet

Effective from: 29/09/2021

Accompanying Documents: