Decision details

2020/21 Corporate Revenue Monitor - Month 2 (May 2020)

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To report the forecast spend against budget as at end of May.

Decision:

1.     To note General Fund forecast overspend as of May of £18.807m and requirement for urgent further action to significantly reduce the forecast overspend.

2.     To note the Housing Revenue underspend of £0.181m.

3.     To note the in-year Dedicated Schools Grant overspend of £2.179m.

4.     To approve General Fund virements of £1.960m as detailed in appendix 9.

Report author: Emily Hill

Publication date: 08/09/2020

Date of decision: 07/09/2020

Decided at meeting: 07/09/2020 - Cabinet

Effective from: 11/09/2020

Accompanying Documents: