Issue - meetings

COUNCIL RESOLVED  -

(i)

That the virements to contingency actioned for operational purposes, as outlined in appendix 1 of the report, be approved.

(ii)

That an amendment to the net revenue budget for 2020/21 from £240.961m to £243.507m, as presented in appendix 1 of the report, to account for the additional grant funding, be approved.

Consideration has been given to the latest monitoring position on the 2020/21 revenue budget at the end of the third quarter, including impacts of the global pandemic.

RESOLVED -

(i)

That the Council’s revenue expenditure position at the end of the third quarter, as set out in Appendices 1 and 2 of the report be noted.

(ii)

That the Council be recommended to approve the virements to contingency actioned for operational purposes, as outlined in Appendix 1 of the report.

(iii)

That the Council be recommended to approve an amendment to the net revenue budget for 2020/21 from £240.961m to £243.507m as presented in Appendix 1 of the report, to account for the additional grant funding.

The above decisions have been made to contribute to sound financial management and the long-term financial sustainability of the Council.