Issue - decisions

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.

Voting: Unanimous

Portfolio Holder: Leader of the Council

Reason

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.