Decision details

Corporate Finance Performance Quarter Ending 30 September 2021 (Cab.1.12.2021/9)

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

RESOLVED that Cabinet:-

 

CORPORATE FINANCE PERFORMANCE

 

1.    Notes the forecast 21/22 General Fund financial pressure of £22.7 Million, mostly comprised of the ongoing impact of COVID-19;

 

2.    Notes the overall improving net impact (after all specific Government funding) of £3.1Million;

 

3.    Notes that this net impact will be funded from resources previously set aside within the 21/22 budget, effectively ensuring the delivery of a balanced budget this year;

4.    Notes the current 21/22 forecast of a £0.4M overspend position on the Housing Revenue Account; and

5.    Approves the write off of historic bad debts totalling £0.618M.

 

CAPITAL PROGRAMME PERFORMANCE

 

1.    Notes the forecast position on the approved Capital Programme; and

 

2.    Notes the ongoing review of the capital programme.

 

TREASURY MANAGEMENT

 

1.    Notes the key messages from the Council’s Quarter 2 Treasury Management activities.

Publication date: 01/12/2021

Date of decision: 01/12/2021

Decided at meeting: 01/12/2021 - Cabinet

Effective from: 08/12/2021

Accompanying Documents:

 

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