Issue - meetings

Financial Update

Meeting: 25/08/2020 - Executive (Item 85)

85 Financial Update pdf icon PDF 364 KB

To provide an update to the Executive on the current year's financial position and future year projections

Additional documents:

Minutes:

RESOLVED that

 

       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.