Decision details

The Chief Officer (Financial Services) submitted a report which set out the Council’s projected financial health position for the 2020/21 financial year, as at Month 10.

Responding to a Member’s enquiry, the Board was provided with an update on the current forecasting with regard to Council Tax and Business Rates collection rates for 2021/22.

In response to a further enquiry, the Board was provided with an update on the projected underspend within the Housing Revenue Account, which was primarily due to the reduction in the revenue contribution required to support its capital programme, given such works were unable to be undertaken during the first wave of the pandemic. It was noted that such underspend would carry forward into 2021/22, and that over the coming months a better indication would become available regarding the level of capital works which would be achievable during 21/22.

RESOLVED –

(a)  That the projected financial position of the Authority as at Month 10, as detailed within the submitted report, be noted, and that the projected impact of COVID-19 on that position also be noted;

(b)  That it be noted that for 2020/21 the Authority is forecasting a balanced budget position;

(c)  That it be noted that the position as reported does not reflect the potential effects of any further local or national lockdown arrangements not yet introduced, which could impact upon the submitted financial projections.