Agenda item
Corporate Finance Performance Quarter Ending 30 June 2021 (Cab.22.9.2021/16)
Decision:
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.
Minutes:
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.
Supporting documents: