Issue - meetings

Councillors Max Schmid expressed the Council’s concern that as the pandemic went through different phases and some parts of the economy returned to function, demand for services would increase. Therefore, this paper was recommending mitigation measures to cut down waste in case the surge in demand escalated, so the Council would not end up with an overspend.

AGREED UNANIMOUSLY BY THE CABINET MEMBERS PRESENT:

1.            To note General Fund forecast underspend of £1.985m.

2.            To note that the forecast draw down from the Housing Revenue Account general balance will be £0.233m less than budgeted.

3.            To note the in-year Dedicated Schools Grant overspend of £0.840m.

4.            To approve a General Fund virement of £0.3m and HRA virement of £0.312m as detailed in appendix 9.