Decision details

2020/21 Q2 Revenue Monitoring Report

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Decisions:

The subject of the decision:

 

This report provided an update on the revenue budget position of the Council and the reserve funds at the end of September 2020.

 

Alternative options considered:

 

None.

 

The reason for the decision:

 

To comply with S25 of the Local Government Act 2003 regarding setting a balanced budget and monitoring the financial position throughout the year.

 

The decision:

 

That Cabinet approves and recommends to Council that:-

 

(1)    the budget remains at £9,269,670 as detailed in paragraph 3.8 of the report;

 

(2)    that reserves will be used to cover the shortfall created by the covid-19 pandemic if sufficient funds are not received from Government at the yearend as detailed in paragraph 4.6 of the report;

 

(3)    the allocation from the One Off Fund at paragraph 8.6 of the report of £231,000;

 

(4)    that it will not be part of a Business Rates Pool or Pilot Scheme in 2021/22 as detailed in paragraph 9.1 of the report; and

 

(5)    that a ‘vehicle’ is not to be set up as detailed in paragraph 10.0 of the report in relation to VAT partial exemption.

Reason Key: Expenditure > £50,000;

Wards Affected: All Wards;

Other reasons / organisations consulted

None

Consultees

None

Contact: Louise Branford-White, Director of Finance (s151 Officer) Email: louise.branford-white@hambleton.gov.uk.

Report author: Louise Branford-White

Publication date: 02/12/2020

Date of decision: 01/12/2020

Decided at meeting: 01/12/2020 - Cabinet

Accompanying Documents: