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.