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:

 

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