RESOLVED:

1.      Thatthefinancialreportingdatafor month 10, January 2021,relatingto revenuebudgetarycontrol,showinga forecastnet adverse varianceat year-endof £2.6m be noted.

2.      That the contents of section 4 of the report be noted and the adjustments to the Capital Programme in Appendix 5b be approved.

That the contents of Section 4 and Appendix 5b of the report be noted and the amendments to the Programme contained in the table below be approved:

3.         That a £1.386m transfer from non-staffing budgets to staffing budgets within the Children’s Social Care and Youth Inclusion division of CSF for the financial year 2021/22 be approved.  This will facilitate the smooth implementation of the restructure within this division.

The Cabinet Member for Finance presented the report which set out the financial monitoring information for January 2021 thanking the officers for all their work on the report and officers across the Council in their efforts to manage their budgets during a difficult period.  There had been a slight reduction in the adverse variance however the report set out the difficulties brought about by the pandemic and the impact would be felt into the following financial year.

The Assistant Director for Resources drew the Cabinet’s attention to the recommended amendments in the report and the announcement by the government that the Council would be allowed to spread the losses of business rates over a three year period, which would be reflected in the outturn report.

The Chair thanked all for their contributions and it was

RESOLVED:

1.      Thatthefinancialreportingdatafor month 10, January 2021,relatingto revenuebudgetarycontrol,showinga forecastnet adverse varianceat year-endof £2.6m be noted.

2.      That the contents of section 4 of the report be noted and the adjustments to the Capital Programme in Appendix 5b be approved.

That the contents of Section 4 and Appendix 5b of the report be noted and the amendments to the Programme contained in the table below be approved:

3.         That a £1.386m transfer from non-staffing budgets to staffing budgets within the Children’s Social Care and Youth Inclusion division of CSF for the financial year 2021/22 be approved.  This will facilitate the smooth implementation of the restructure within this division.