Decision Maker: Cabinet
Decision status: Decision Made
Is Key decision?: No
Is subject to call in?: Yes
To receive the financial position as at the end of December 2020.
1. That the Quarter 3 net expenditure on services year to date was £13,081,000, £4,093,000 more than budget be noted.
2. That by year end the Council anticipates net expenditure of £19,484,000 on services and that this forecast is £6,620,000 over budget and a further £277,000 since Quarter 2 be noted.
3. That by year end the Council anticipates receiving an increase in funding of £5,035,000, a further £908,000 since Quarter 2 and that this reduces the deficit to £1,585,000 over budget, an improvement of £631,000 this quarter be noted.
4. That write offs as set out in Paragraph 2.27 and detailed in Appendix J be approved.
REASON FOR DECISION:
To show the actual expenditure on services compared to the revised budget for the period ending 31 December 2020, and the forecast outturn position, highlighting significant variances from the revised annual budget.
Report author: Jane Fineman
Publication date: 11/03/2021
Date of decision: 11/03/2021
Decided at meeting: 11/03/2021 - Cabinet
Effective from: 19/03/2021