Issue - meetings
Corporate Budget Performance - Period 8
Meeting: 14/01/2021 - Cabinet (Item 727)
727 Corporate Budget Performance - Period 8 PDF 150 KB
Report of Executive Director (Finance and Resources)
Additional documents:
- 4 - Appendix 1 - Resourcing better oucomes, item 727 PDF 400 KB
- 4 - Appendix 2 - Resourcing better outcomes, item 727 PDF 637 KB
- Webcast for Corporate Budget Performance - Period 8
Decision:
The Cabinet considered a report of the Executive Director (Finance and Resources) reviewing the Council’s financial performance.
Recommended:
That, in respect of the 2020/21 Revenue Budget Performance as set out in appendix 1 to the submitted report:
1. That the forecast outturn for the General Fund and the Housing Revenue Account as at November 2020, be noted.
That, in respect of the 2020/21 Capital Budget Performance as set out in appendix 2 of this report:
2. That the expenditure to date and the forecast outturn as at November 2020 and its financing, be noted.
3. That the requested changes to the capital investment programme for 2020/21 and future years, as set out in section 3 of appendix 2, be approved.
Reasons for Decision
The regular reporting of Revenue and Capital Budget Monitoring information provides detailed financial information to Councillors, senior officers and other interested parties on the financial performance of the Council. It also informs decision making to ensure that the Council’s priorities are delivered within the approved budget provision.
Other Options
The Council could choose to monitor its budgetary performance against an alternative timeframe but it is considered that the current reporting schedule provides the appropriate balance to allow strategic oversight of the budget by Councillors and to also formally manage the Council’s exposure to financial risk.
Note: This is Council Function
Eligible for call-in to Policy and Resources Scrutiny Committee
Cabinet Members: Cllrs Gilbert and Woodley
Minutes:
The Cabinet considered a report of the Executive Director (Finance and Resources) reviewing the Council’s financial performance.
Recommended:
That, in respect of the 2020/21 Revenue Budget Performance as set out in appendix 1 to the submitted report:
1. That the forecast outturn for the General Fund and the Housing Revenue Account as at November 2020, be noted.
That, in respect of the 2020/21 Capital Budget Performance as set out in appendix 2 of this report:
2. That the expenditure to date and the forecast outturn as at November 2020 and its financing, be noted.
3. That the requested changes to the capital investment programme for 2020/21 and future years, as set out in section 3 of appendix 2, be approved.
Reasons for Decision
The regular reporting of Revenue and Capital Budget Monitoring information provides detailed financial information to Councillors, senior officers and other interested parties on the financial performance of the Council. It also informs decision making to ensure that the Council’s priorities are delivered within the approved budget provision.
Other Options
The Council could choose to monitor its budgetary performance against an alternative timeframe but it is considered that the current reporting schedule provides the appropriate balance to allow strategic oversight of the budget by Councillors and to also formally manage the Council’s exposure to financial risk.
Note: This is Council Function
Cabinet Members: Cllrs Gilbert and Woodley