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Decision details

Peterborough City Council's Financial Position - MAY20/CAB/108

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

The purpose of this report is to provide an update on the financial impact of the Covid-19 pandemic and the work that Peterborough City Council is undertaking, in liaison with its wider Peterborough and Cambridgeshire partners, to address the challenges faced.

Decision:

The Cabinet considered the report and RESOLVED to consider on a monthly basis the financial implications of COVID19 on the Council in the short, medium and long term and to note:

 

· the significant financial implications that COVID-19 is having on the Council, including the current estimated cost of £18.3m in 2020/21 which exceeds the current £11.0m of funding made available from Government (£5.3m originally and £5.7m on the 18th April);

· the likely ongoing financial implications in future years, and that current savings plans must continue to be delivered where possible to prevent further deterioration in the financial position;

· the lobbying already underway with Government over the financial position;

· the financial packages being delivered by the Council and approves the proposed financial support to communities; and

· the arrangement in place with the Cambridgeshire and Peterborough Combined Commissioning Group for people coming out of hospital and into care.

Reasons for the decision:

The requirement to monitor Council spending and ensure that effective control mechanisms are in place to fund and report on emergency situations.

Alternative options considered:

None.

Interests and Nature of Interests Declared:

None.

Background Documents:

2020/21 MFTS

COVID-19 Guidance from Government Departments

Publication date: 11/05/2020

Date of decision: 11/05/2020

Decided at meeting: 11/05/2020 - Cabinet

Effective from: 15/05/2020

Accompanying Documents: