Issue - decisions

Corporate Budget Performance - Period 6

06/11/2020 - Resourcing Better Outcomes - Financial Performance Report - Period 6

The Cabinet considered a report of the Executive Director (Finance and Resources) reviewing the Council’s financial performance.




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 September 2020, be noted.


2. That the planned budget transfers (virements) of £296,000 between pay and non-pay budgets, as set out in section 4.13 of the report, be approved.


That, in respect of the 2020/21 Capital Budget Performance as set out in appendix 2 to the report:


3. That the expenditure to date and the forecast outturn as at September 2020 and its financing, be noted.


4. That the requested changes to the capital investment programme for 2020/21 and future years, as set out in section 3 of appendix 2 to the report, be approved.


Reason for Decisions:


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 sets out the key variances being reported by budget holders and the associated management action being implemented to address any identified issues. 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 a Council Function

Eligible for call-in to: Policy and Resources Committee

Cabinet Members: Cllrs Gilbert and Woodley



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