Issue - decisions

2020/21 Q2 Revenue Monitoring Report

02/12/2020 - 2020/21 Q2 Revenue Monitoring Report

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:




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.