Issue - meetings

The Section 151 Officer presented a report to update Budget Scrutiny Committee on the financial position of the Council following the second quarter’s budget monitoring exercise for the General Fund, the Housing Revenue Account (HRA), Capital Programme and Treasury Management activity.

The Section 151 Officer stated that many of the figures in this report had now been superseded by the Revised Budgets 2020/21 information later in the agenda, so advised Members to note this Budget Monitoring report and save their questions for the Revised Budget 2020/21 item.

It was moved by Councillor Tom Munro and seconded by Councillor Jen Wilson to postpone any questions about the Budget Monitoring report until the Revised Budget 2020/21 agenda item.

It was moved by Councillor Ray Heffer and seconded by Councillor Andrew Joesbury to note the monitoring position of the General Fund, Housing Revenue Account (HRA), Capital Programme and Treasury Management as detailed in the Quarter 2 Budget Monitoring report.

RESOLVED that the Budget Scrutiny Committee:

(i) Postpones any questions about the Budget Monitoring report until the Revised Budget 2020/21 agenda item.

(ii) Notes the monitoring position of the General Fund at the end of the second quarter as detailed on Appendix 1 (A net favourable variance of £0.413m against the profiled budget) and the key issues highlighted within this report.

(iii) Notes the position on the Housing Revenue Account (HRA), the Capital Programme and Treasury Management at the end of the second quarter (Appendices 3, 4 and 5).

(Section 151 Officer)