Decisions for issue Targeted Budget Management (TBM) 2020/21: Month 5 (August)

RESOLVED:

(1)         That the forecast risk position for the General Fund, which indicates a budget pressure of £7.853m be noted. This includes an overspend of £0.366m on the council’s share of the NHS managed Section 75 services;

(2)         That the forecast net Collection Fund deficit of £11.818m be noted;

(3)         That the forecast for the Housing Revenue Account (HRA), which is currently an underspend of £0.307m be noted;

(4)         That the forecast risk position for the Dedicated Schools Grant which is an overspend of £0.429m be noted;

(5)         That the forecast outturn position on the capital programme which is a forecast underspend of £0.270m be noted;

(6)         That the it be agreed to “un-pause” the Brighton Research & Innovation Fibre Ring’ capital scheme as set out in Appendix 6 Capital Programme Performance’; and

(7)         That the establishment of a Sinking Fund for Royal Pavilion and Museums maintenance from any underspend on those budgets in 2020/21 (see paragraph 9.9) be agreed.