Issue - meetings

Revenue and Capital Budget Update 2020/21 - October

 

 

Meeting: 01/10/2020 - Cabinet (Item 52)

52 Revenue and Capital Budget Update 2020/21 including the Financial Impact of COVID-19 on the 2020/21 Budget pdf icon PDF 196 KB

Report of the Executive Director of Corporate Resources & Customer Services

 

Minutes:

The Cabinet considered the report of the Executive Director - Corporate Resources and Customer Services that advised of:

 

(1)

the current estimated financial impact of COVID-19 on the 2020/21 Budget;

 

(2)

the current forecast revenue outturn position for the Council for 2020/21;

 

(3)

the current forecast on Council Tax and Business Rates collection for 2020/21; and

 

(4)

the monitoring position of the Council’s capital programme to the end of August 2020 relating to:

 

  • the forecast expenditure to year end;
  • variations against the approved budgets and an explanation of those variations for consideration by Members;
  • updates to spending profiles and proposed amendments to capital budgets necessary to ensure the efficient delivery of capital projects are also presented for approval.

 

 

Decision Made:

 

That:

 

(A)

in respect of the Revenue Budget:

 

(1)

the current estimated impact of COVID-19 on the 2020/21 Budget together with the key issues that will influence the final position, be noted;

 

(2)

the financial risks associated with the delivery of the 2020/21 revenue budget and the material variations that are to be expected to the current estimates contained in the report be recognised, and it be agreed that subsequent reports provide updates and where appropriate remedial action plans as appropriate;

 

 

(3)

the current forecast revenue outturn position for 2020/21 be noted;

 

(4)

it be acknowledged that the forecast outturn position will continue to be reviewed to ensure a balanced forecast outturn position and financial sustainability can be achieved; and

 

 

 

(B)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

in respect of the Capital Budget:

 

(1)

the spending profiles across financial years for the approved Capital Programme (paragraph 6.1.1 of the report) be noted;

 

(2)

the latest capital expenditure position as at 31 August 2020 of £5.417m (paragraph 6.2.1 of the report) with the latest full year forecast of £36.871m (paragraph 6.3.1 of the report) be noted;

 

(3)

the explanations of variances to project budgets (paragraph 6.2.3 of the report) be noted;

 

(4)

 

 

 

 

(5)

 

 

 

(6)

 

 

 

(7)

 

 

 

 

 

(8)

 

 

 

 

(9)

 

 

 

 

 

 

 

 

 

 

 

(10)

The proposal to upgrade Sefton’s Community Equipment Store and replace the current vehicle fleet at a cost of £0.335m funded from the Disabled Facilities Grant (paragraph 6.4.2 of the report), be approved;

 

the outcome of the approved procurement process for the replacement fleet for the Cleansing Service (paragraph 6.5 of the report), be noted

 

the most favourable tenders received for the required Cleansing Services vehicles (paragraph 6.5 of the report), be accepted;

 

the Head of Highways & Public Protection and the Chief Legal and Democratic Officer be authorised to enter into contracts with the successful tenderers for supply of the required Cleansing Service vehicles (paragraph 6.5 of the report);

 

a supplementary capital estimate of £0.610m in the 2020/21 programme for phase two of the Bootle Strategic Acquisitions scheme (paragraph 6.6.2 of the report), be approved;

 

subject to approval by the Liverpool City Region Combined Authority of a request for further funding for phase two of the Bootle Strategic Acquisitions scheme, an additional supplementary capital estimate of £0.040m in the 2020/21 programme (Paragraph 6.6.3 of the report), be approved; and

 

 

 

 

 

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