Decision details

It was RESOLVED that the following be approved for submission to Full Council:

a)    the revised projections to the 2020/21 revenue budget and remainder of the current Medium Term Financial Strategy (MTFS) as referred to in Appendix A of the report,as a result of the impact of Covid-19;

b)    the revised projections to the Capital Programme for 2020/21 and the impact on the Capital Programme over the MTFS as referred to in Appendix B of the report;

c)    the changes to the Transformation Strategy as referred to in Appendix C of the report;

d)    the Council Tax Hardship Fund Policy Paper as referred to in Appendix D of the reportand its current application;

e)    the strategy of utilising in-year budget efficiencies, the Organisation Stabilisation reserve, reviewing the use of existing reserves, reduced use of Voluntary Revenue Provision and therefore use of New Homes Bonus; as fiscal levers so the Council balances the budget and delivers its corporate objectives, as referred to in paragraph 4.8.6 of the report; and

f)     the transfer of three reserves totalling to £0.524m, as referred to in paragraph 4.8.7 of the report,to the Organisation Stabilisation Reserve from 2020/21 and the revised anticipated position over the next five years as referred to in Appendix E of the report.