Issue - meetings

Councillor Max Schmid paid tribute to the finance officers as – with the exclusion of the financial difficulties caused by the pandemic – the Council was in a better position this year than in the previous year due to the financial mitigation measures put into place by officers.

AGREED UNANIMOUSLY BY CABINET:

1.     To delegate authority to the Director of Finance, in consultation with the Cabinet Member for Finance and Commercial Services, to take all decisions necessary to facilitate the closing of the final accounts.

2.     To approve the General Fund virements of £0.610m as detailed in appendix 9.

3.     To note General Fund forecast, overspend of £5.722m and requirement for urgent further action to significantly reduce the forecast overspend.

4.     To note the Housing Revenue underspend of £0.948m.

5.     To note the in-year Dedicated Schools Grant overspend of £3.558m.