Agendas, Meetings and Minutes - Agenda item

Agenda item

Revenue and Capital Budget Monitoring

Minutes:

The Leader summarised the report which set out the outturn forecast for this financial year as at month 4, the estimated financial impact of Covid-19 as well as the progress on the savings and reforms programme. The report included details of the extra support that had come from Government for the response phase of the Covid-19 pandemic and risks arising from the impact of the pandemic to income.

 

The Cabinet recognised the work undertaken to deliver various capital projects across the County, and thanked officers in the Economy and Infrastructure Directorate for their work on these schemes.  

 

 

RESOLVED that:

 

a)    The conclusions concerning revenue budget monitoring up to 31 July 2020 be endorsed;

 

b)   the financial impact and forecast for COVID-19 expenditure be noted;

 

c)    the current progress regarding savings plans approved by Council in February 2020 be noted;

 

d)   the conclusions concerning capital budget monitoring up to 31 July 2020 be noted;

 

e)    Council be recommended to approve the updated Capital Programme at Appendix 7; and

 

f)     the report on borrowing and lending transactions during 2019/20 detailed in paragraphs 59 to 60 and Appendix 8 of the report be noted.

 

 

 

Supporting documents: