Decision details

Cabinet considered the report and RESOLVED to note:

1.   The Budgetary Control position for 2020/21 as at 30 November 2020 is a forecast overspend of £4.8m against budget.  This includes the current estimated impact of C-19 and the additional C-19 response funding. 

2.   Included in this report is a forecast £39.3m of additional pressure due to C-19, as reported to the Ministry of Housing Communities and Local Government, within the November return, as outlined in section 4. 

3.   The reduction in collection rates in respect of Council Tax and National Non-Domestic Rates, in comparison to the levels achieved in 2019/20, as outlined in section 4; 

4.   The additional funding that has been made available and allocated to the business community due to C-19, as outlined in section 4; 

5.   The key variance analysis and explanations are contained in Appendix A;  

6.   The Council’s reserves position, as outlined within Appendix A.