Decision details

The Cabinet considered the Corporate Performance and Resources Annual Report 2019/20 setting out the delivery of the Council’s priority outcomes and budget since mid-year, with a particular focus on the fourth and final quarter and agreed to:-

·         Note the key achievements against Shared Priorities (Exec Summary) and analysis of corporate performance for 2019/20 (Section 1);

·         Note the context and challenges (Section 2) including updates on Corporate Risks, Complaints and GM Strategy;

·         Approve the virements to the Revenue Budget set out in section 3.2;

·         Note the Cash Limit and Non-Cash Limit forecast positions for 2019/20 as set out in section 3.3;

·         Note the Dedicated Schools Grant, Housing Revenue Account and Collection Fund forecast positions as set out in sections 3.4, 3.5 and 3.6;

·         Note the appropriations to/from reserves and balances as set out in section 3.7 and note the resulting reserves and balances position as at 31 March 2020;

·         Note the financial impact of the Covid-19 pandemic set out in section 3.8 and as a result the need to review the Council’s available revenue resources including those held in earmarked reserves as part of the 2020/21 Reserves Policy to support the Council’s funding of this;

·         Note the use of £1.579m of revenue resources set aside in earmarked reserves to fund RCCO linked to capital schemes by switching this funding to other available sources of capital funding including £0.375m of additional borrowing set out in 3.8.5; 

·         Note the position for the 2019/20 Capital Programme as set out in section 4.1;

·         Note the re-phasing of capital schemes during the quarter as set out in 4.2;

·         Approve the proposals for resourcing and additional resources required for the Capital Programme as set out in 4.2.4;

·         Approve the resourcing of the capital programme as set out in section 4.3 including the switch off resources set aside to fund RCCO to alternative sources of capital funding linked to capital schemes as set out in paragraph 3.8.5; and

·         Approve the 2019/20 prudential indicators as set out in section 4.4.

None.

None.