Agenda item

Budget Update and Monitoring Report 2020/2021

Minutes:

Decisions

 

 

1.   That the reserve movements as detailed in the circulated report be approved;

 

2.   That the budget virements exceeding £500K be commended to Council for approval.

 

3.   That the operational and financial issues as detailed in the circulated report be noted;

 

4.   That the Council continues to work with Welsh Government and in line with legislation, regulations and directions to deliver services during these challenging times;

 

5.   That the additional grants received be noted;

 

6.   That the Council continues to seek additional funding from Welsh Government to cover COVID 19 consequences.

 

Reason for Decisions:

 

To monitor and update the Council’s Budget projections for 2020/2021 and inform Members of the financial risks arising from COVID 19.

 

Implementation of Decisions:

 

The decisions will be for immediate implementation.

Supporting documents: