Issue - decisions

Peterborough City Council's Financial Position

11/05/2020 - Peterborough City Council's Financial Position - MAY20/CAB/108

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.