Decision Maker: Cabinet, Council
Decision status: Recommmend Forward to Council
Is Key decision?: Yes
Is subject to call in?: Yes
To provide budget monitoring information for
the end of quarter 3 including explanations for significant
variances. The report may also include budget virements for
approval by Cabinet or Council.
RESOLVED that Cabinet:-
(a) Note the current budget position for 2020/21; and
(b) Approve capital virements as set out in paragraph 109.
RECOMMENDED that Council:-
(a) Approve the transfer of £13.3 million to earmarked financial resilience reserves for transformation, Covid-19, and MTFP mitigation as set out in paragraph 11; and
(b) Approve the capital virement as set out in paragraph 110.
Portfolio Holder: Leader of the Council
To comply with accounting codes of practice and best practice which requires Councils to regularly monitor the annual budget position.
To comply with the council’s financial regulations regarding budget virements.
Report author: Nicola Webb
Publication date: 12/02/2021
Date of decision: 10/02/2021
Decided at meeting: 10/02/2021 - Cabinet
Effective from: 20/02/2021