Decision details

2020/21 Q3 Revenue Monitoring Report

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No


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 December 2020.


Alternative options considered:




The reason for the decision:


It was a legal requirement under S25 of the Local Government Act 2003 to set a balanced budget and monitor the financial position throughout the year.


The decision:


That Cabinet approves and recommends to Council:-


(1)    that the budget remains at £9,269,670 as detailed in paragraph 3.2 of the report;


(2)    that any COVID-19 funding received from Government to support expenditure that is not used in 2020/21 is carried forward into 2021/22 as detailed in paragraph 4.2 of the report;


(3)    that reserves will be used to cover the loss of income created by the COVID-19 pandemic if sufficient funds are not received from Government at the year-end as detailed in paragraph 4.9 of the report;


(4)    the total movement of the Economic Development Fund of £465,914 at paragraph 8.2 and to note that the Economic Development Fund remaining balance to be allocated at paragraph 8.5 of the report is £225,638;


(5)    the transfer of funds detailed in paragraph 8.2 of the report from the Economic Development Fund of £1,200,000 to the Council Tax-Payers Reserve in paragraph 8.6 of the report; and


(6)    the allocation from the One-Off Fund at paragraph 8.7 of the report of £101,150.

Reason Key: Affects more than 2 wards;

Wards Affected: All Wards;

Other reasons / organisations consulted




Contact: Louise Branford-White, Director of Finance (s151 Officer) Email:

Report author: Louise Branford-White

Publication date: 11/02/2021

Date of decision: 09/02/2021

Decided at meeting: 09/02/2021 - Cabinet

Accompanying Documents: