Decision - Targeted Budget Management (TBM) Provisional Outturn 2019/20
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Decision details
Targeted Budget Management (TBM) Provisional Outturn 2019/20
Decision Maker: Policy & Resources Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decision:
RESOLVED:
(1) That the Committee note that the provisional General Fund outturn position is an overspend of £2.821m and that this represents an adverse movement of £0.350m compared to the projected and planned resource position at Month 9 taken into account when setting the 2020/21 budget.
(2) That the Committee approve the use of 0.385m from the planned and winter maintenance reserves; and instructs officers to identify 38.5k each year for the next 10 years to replenish the funds in this reserve.
(3) That the Committee note the provisional outturn includes an underspend of £0.011m on the council’s share of the NHS managed Section 75 services.
(4) That the Committee note the provisional outturn for the separate Housing Revenue Account (HRA), which is an underspend of £0.679m.
(5) That the Committee note the provisional outturn position for the ring-fenced Dedicated Schools Grant, which is an underspend of £0.703m.
(6) That the Committee approve carry forward requests totalling £10.700m as detailed in Appendix 5 and included in the provisional outturn.
(7) That the Committee note the provisional outturn position on the capital programme which is an underspend variance of £0.447m.
(8) That the Committee approve the capital budget variations and re-profiling requested in Appendix 7 and new schemes in Appendix 8.
Report author: Jeff Coates
Publication date: 09/07/2020
Date of decision: 09/07/2020
Decided at meeting: 09/07/2020 - Policy & Resources Committee
Accompanying Documents:
- Targeted Budget Management (TBM) Provisional Outturn 2019/20 PDF 441 KB
- Appendix 1: Financial Dashboard Summary PDF 233 KB
- Appendix 2: Revenue Budget RAG Rating PDF 337 KB
- Appendix 3: Revenue Budget Movement Since Month 9 PDF 162 KB
- Appendix 4: Revenue Budget Performance PDF 603 KB
- Appendix 5: Year End Carry Forward Requests PDF 320 KB
- Appendix 6: Summary of 2019/20 Savings Progress PDF 104 KB
- Appendix 7: Capital Programme Performance PDF 498 KB
- Appendix 8: New Capital Schemes PDF 211 KB
- Item 20 GrnGrp amendment - PFI PDF 246 KB