Decision Maker: Cabinet, Council
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To provide recommendations for a revised
annual budget for 2020/21 to recognise the financial impact of
RESOLVED that Cabinet:-
(a) Note the progress in the development of the budget mitigation strategy as a result of Covid-19 pressures; and
(b) Continue to lobby Government for additional funding to reduce the projected budget gap caused by the outbreak.
Portfolio Holder: Finance
The council has embedded sound financial and risk management protocols as well as a culture of scenario and options appraisal. This culture is needed now more than ever with the greater level of uncertainty arising from the pandemic.
The scale of income loss in 2020/21 is projected to be so significant as to threaten the financial viability of the council and concerted action must be taken to reduce expenditure to rebalance the budget.
Report author: Nicola Webb, Daniel Povey
Publication date: 26/06/2020
Date of decision: 24/06/2020
Decided at meeting: 24/06/2020 - Cabinet
Effective from: 04/07/2020