Decision details

It was RESOLVED that

a)    the projected net effect of in-year efficiencies (£0.624m) and Covid-19 pressures (£2.564m) and Covid Government funding (£1.518m) resulting in an expected net revenue position for the year of £0.422m be noted;

b)    a projected £2.864m net surplus on Business Rates as a result of additional S31 reliefs be noted and this surplus be transferred to the Organisation Stabilisation Reserve to offset the expected Collection Fund deficit in later years;

c)    the capital underspend of £24.8m as a result of planned programme slippage be noted; and

d)    the projected Special Expenses position with a projected deficit of £0.119m for the year be financed by a loan from the Council, with terms to be consulted on with the West Bridgford Community Infrastructure Levy (CIL) and Special Expenses Group.