Issue - meetings
Budget Matters: Update on budget for 2021/22 (including Covid), Medium Term Financial Strategy, potential savings and capital programme
Meeting: 14/01/2021 - Overview and Scrutiny Management Committee (Item 33)
Report of the Chair of the Committee
recommending that the Committee consider the budget update and
discuss the implications on the proposed budget for 2021/22 with
the Cabinet Member and Executive Director.
Additional documents:
- Appendix 1 - Budget Update .docx, item 33
PDF 366 KB
- Appendix 2.pdf, item 33
PDF 430 KB
- Appendix 3.pdf, item 33
PDF 125 KB
- Appendix 4.pdf, item 33
PDF 150 KB
- Appendix 5.pdf, item 33
PDF 23 KB
- Appendix 6.pdf, item 33
PDF 146 KB
- Appendix 7.pdf, item 33
PDF 122 KB
Minutes:
The Committee considered the report of the Cabinet Member for Finance and Income Generation detailing an update on the Budget for 2021/22 (including Covid), the Medium Term Financial Strategy, potential savings and capital programme.
Councillor Barnes-Andrews, Cabinet Member for Finance and Income Generation was in attendance and with the consent of the Chair, addressed the meeting.
The Committee discussed the current position with regards to the impact of the pandemic, business rate forecasts, how the 2021/22 budget gap was being addressed, the expectation of a summer 2021 budget and future challenges.
RESOLVED that Members receive a summary detailing the components of the £3.97m funding shortfall identified as at the close of business in December 2020.