RESOLVED –
1. That at Quarter 2 net expenditure on services year to date was £11,685,000, £2,608,000 more than budget be noted;
2. That by year end the Council anticipated net expenditure of £18,760,000 on services, £6,343,000 over budget and a further £537,000 since Quarter 1, be noted;
3. That by year end the Council anticipated receiving an increase in funding of £4,127,000, a further £177,000 since Quarter 1 reducing the deficit to £2,216,000 over budget, be noted; and
4. That write offs as set out in Paragraph 2.27 of the report and detailed in Appendix J to the report be approved.
REASON FOR DECISION: To show the actual expenditure on services compared to the revised budget for the period ending 30 September 2020, and the forecast outturn position, highlighting significant variances from the revised annual budget.