Decision details

       i.          the identified best case and worst case scenarios for the Council’s current year financial position summarised in Table 1 and detailed in Annex A of the Director: Resources report are noted  and the virements relating to the 2020/21 budget also included in Annex A of the Director: Resources report are approved.

      ii.          the medium-term financial planning framework in paragraph 5.22 of the Director: Resources report, to guide detailed preparations for the 2021/22 and future years’ budgets is endorsed.

     iii.          the out-turn capital expenditure and financing for 2019/20 is noted and

carry-forwards of £31.596m into the 2020/21 capital programme are approved.

    iv.          a vacant domestic property owned by the Council be made available for

social care purposes, as set out in paragraph 5.38 of the Director: Resources report.

RECOMMENDED that

       i.          Council approves the proposed additions to the current year’s capital

programme in paragraph 5.37 of the Director: Resources report.

The recommendations are intended to ensure that the Executive is aware of the

Council’s current and predicted future financial position.

The Executive could decide to take immediate, corrective action through approving

in-year budget changes to further mitigate the identified financial risks, however such

an approach is not felt to be justified at this time.

None

None at this stage - for information only and to be noted.