Issue - meetings

Corporate Revenue Monitor Month 4 (July 2020)

 

 

Meeting: 02/11/2020 - Cabinet (Item 4)

4 Corporate Revenue Monitor 2020/21 Month 4 - 31 July 2020 pdf icon PDF 982 KB

Minutes:

Councillor Max Schmid presented the report and thanked the finance officers for managing to keep the projected non Covid-19 overspend lower than in previous years under difficult budget pressures.

 

RESOLVED:

 

1.     To approve the General Fund virements of £4.884m and £0.276m HRA virements as detailed in appendix 9.

2.     To note General Fund forecast overspend of £8.691m, £5.844m of which arises from the in-year impact of Covid-19 on the General Fund.

3.     To note the Housing Revenue underspend of £1.006m.

4.     To note the in-year Dedicated Schools Grant overspend of £3.582m.

5.     To note the need to develop and implement mitigation measures to close overspends.