23 Monthly Performance, Finance and Risk Monitoring Report PDF 357 KB
Report of Director of Finance
Purpose of report
This report summarises Cherwell District Council’s (CDC’s) forecast revenue and capital outturn position for 2020/21 as at September 2020.
Recommendations
The meeting is recommended:
1.1 to note the contents of the report.
Additional documents:
Decision:
Resolved
(1) That the forecast revenue and capital outturn position for 2020/21 as at September 2020 be noted.
Minutes:
The Committee considered a report from the Director of Finance that summarised Cherwell District Council’s forecast revenue and capital outturn position for 2020/21, as at September 2020.
The Assistant Director – Finance explained that this report was the first budget monitoring report since the in-year budget savings of £2.4 million had been agreed.
The Committee was advised that there was currently a projected underspend of £0.3 million. Although costs relating to Covid-19 had created an overspend of £3.4 million, this had been offset against a reduction in business as usual costs of £3.7 million.
In response to questions from the Committee, the Assistant Director – Finance advised that slippage for capital projects would be included as part of the out-turn report to Executive during the Financial year end process.
Resolved
(1) That the forecast revenue and capital outturn position for 2020/21 as at September 2020 be noted.