Issue - meetings

Q3 SSC Rev Cap Monitoring Report

Meeting: 23/02/2021 - CPH Stronger & Safer Communities Decision Session (Item 5.)

5. Q3 SSC Rev Cap Monitoring Report PDF 175 KB

To inform the Cabinet Member of the Portfolio’s latest forecast financial position as at the 31st December 2020 against Revenue and Capital budgets as summarised below and detailed in the attached Appendix A.

To inform the Cabinet Member of the Portfolio’s progress against the latest 3 year savings targets in the Medium Term Financial Strategy (MTFS) summarised below and detailed in Appendix A.

Additional documents:

Appendix A - Q3 S&SC Financial Position, item 5. PDF 36 KB

Decision:

RESOLVED

The Cabinet Member for Stronger and Safer Communities

(i) Considered and endorsed the 2020/21 revenue and capital financial monitoring forecast as at 31st December 2020

(ii) Considered the Portfolio’s progress against the latest 3 year savings targets in the Medium Term Financial Strategy (MTFS) as at 31st December 2020.

(iii) In accordance with Financial Regulations, approved a budget virement of £103,500 from the Climate Change, Planning and Housing portfolio to the Stronger and Safer Communities portfolio in respect of the Housing Policy team (paragraphs 5.1 – 5.2).

(iv) In accordance with Financial Regulations, approved in conjunction with the Cabinet Member for Resources a contribution of £40,000 in 2020/21 to a new reserve for Library stock (paragraphs 5.3 – 5.5).

(v) In accordance with Financial Regulations, approved in conjunction with the Cabinet Member for Resources a contribution of £180,000 in 2020/21 to a new reserve for community and regulatory impacts of Brexit (paragraphs 5.6 – 5.9).