Decision details

Revenue and Capital Monitoring 2020/21 - Quarter 1 as at 30th June 2020

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


·         To note the Revenue and Capital forecast position as at Quarter 1

·         To approve virements

·         To approve any amendment in the capital programme delegated to Cabinet




(1)          the revenue and capital forecast positions set out in paragraphs 1.2 and 1.4 of the report, be noted;


(2)          the grave concerns being expressed at the legacy impact of COVID-19 over the Medium Term Financial Strategy (MTFS) and the work being undertaken on finance sustainability, as set out in paragraphs 2.47 to 2.48 of the report, be noted;


(3)          the proposed additions to the Capital Programme as set out in paragraphs 3.28 to 3.31 of the report, be approved;


(4)          progress on the Council’s Trading Update as at Quarter 1, as detailed in Appendix 6 to the report, be noted.


Reason for Decision:  To report the 2020/21 forecast financial position as at Quarter 1 (30th June 2020), to update Cabinet on trading company performance and to seek approval for Capital Programme adjustments which required Cabinet approval in accordance with the Financial Regulations.


Alternative Options Considered and Rejected:  As set out in the report.


Conflict of Interest relating to the matter declared by Cabinet Member/Dispensation Granted:  None.

Report author: Charlie Stewart

Publication date: 11/09/2020

Date of decision: 10/09/2020

Decided at meeting: 10/09/2020 - Cabinet

Effective from: 19/09/2020

Accompanying Documents: