To receive and consider the report of the Chief Finance Officer.

1.         To note the full year forecast position for the 2020/21 revenue budget and capital investment programme.

2.         To note the forecast position on the Council's reserves.

3.         To note the capital programme to be delivered in 2020/21 to 2022/23

Councillor Peter Wilson, Executive Member for Resources, presented the report of the Chief Finance Officer which sets out the provisional revenue and capital outturn figures for the Council as compared against the budgets and efficiency savings targets set for the financial year 2020/21.

The council is in a positive position financially, but due to Covid-19, the impact on council tax collection and changes to the business rate retention scheme some difficult decisions may have to be taken in the future.  Money had been agreed and set aside to fund set up costs in the council taking over the running of its leisure centres.

Members noted that funding for building maintenance has been reprofiled as work has been delayed due to Covid-19.  The Digital Office Park is now back open and generating income from renting office space and the meeting rooms.  Closer working with partners and charities to deliver some services is under review. 

Decision:

1.         To note the full year forecast position for the 2020/21 revenue budget and capital investment programme.

2.         To note the forecast position on the Council's reserves.

3.         To note the capital programme to be delivered in 2020/21 to 2022/23

Reasons for recommendation(s):

To ensure the Council’s budgetary targets are achieved.

Alternative options considered and rejected:

None.