Decision details

To note the forecast revenue outturn position, including treasury management

RESOLVED:

1.  That the general fund forecast outturn position for 2021-22 (Table 1 of the report) be noted.

2.  That the COVID-19 emergency funding support received to date (paragraphs 18 – 22 of the report) be noted.

3.  That the government’s COVID-19 sales, fees and charges compensation scheme (paragraph 19 of the report), and that the scheme only part funds the actual losses incurred be noted.

4.  That the other key adverse variations and budget pressures underlying the forecast outturn position be noted, notably:

·  Temporary accommodation pressure of £6.9m after use of reserves.

5.  That the housing revenue account (HRA) forecast outturn position for 2021-22 (Table 2, paragraphs 58 – 65 of the report) be noted.

6.  That it be noted that there is currently no compensation for the HRA for additional costs or lost income arising from the pandemic.

7.  That the treasury management activity to date in 2021-22 (paragraphs 71 – 78 of the report) be noted.

8.  That the interdepartmental general fund budget movements as shown in Appendix 1 of the report be approved.