Decision details

Revenue Budget Monitoring - Quarter 2

Decision Maker: Cabinet

Decision status: Recommendations approved

Is Key decision?: No

Is subject to call in?: No


To provide a summary of the latest budget position.


The Managing Director submitted a report (previously circulated) together with the quarter 2 revenue budget outturn report (also previously circulated) which was due to be considered by Cabinet at its meeting on 10 November, 2020.

It was reported that the Council’s projected reserves at the end of 2020 were

£20.506 million, £1,143 million higher than the initial 2020-24 MTFP position and included a brought forward amount of £0.274 million from 2019-20 and the rebasing exercise of £0.897 million

The Assistant Director Resources, reported that of the £20.506 million projected reserves, there was a risk reserve balance of £4.350 million and a commitment to use £11.330 million to support years two to four of the current MTFP, leaving a surplus of £4.826 million, subject to no further pressures being identified and no impact of Covid-19 in future years.

Specifically in relation to impact of Covid-19 on the Council’s finances, it was reported that it was estimated that the cost to the year-end would be £13.7 million, however the Council had received £8.7 million of Government grant to date and approximately £4 million was anticipated from the sales, fees and charges income recompense scheme which would leave a Covid-19 gap of £875,000. 


Members asked questions in relation to whether any additional funding would be provided to the Council as part of the second national lock down which was due to come into effect shortly, and it was reported that further funding was not expected, however, additional financial impacts to those already planned for within the budget were not anticipated as it had been expected that some services would not revert back to the usual income levels during this period and that this had been accounted for in the budget.


Discussion also ensued on the cost and implications to the Council of the support contract which it had in place following the provision of laptops by the Government to children, the position following a grant from government for troubled families which it was indicated would go into reserves and car parking income.

RESOLVED – That the report be received.

Report author: Tracy Blowers

Publication date: 14/01/2021

Date of decision: 05/11/2020

Decided at meeting: 05/11/2020 - Economy and Resources Scrutiny Committee

Accompanying Documents: