75 MCa/20/37 GENERAL FUND FINANCIAL MONITORING 2020/21 - QUARTER 3 PDF 302 KB
Cabinet Member for Finance
Additional documents:
Decision:
It was RESOLVED:
That the Council’s financial position for the General Fund at the end of Quarter 3 be noted.
Reason for Decision: To ensure that Councillors are kept informed of the current budgetary position for both General Fund Revenue and Capital.
Alternative Options Considered and Rejected: At this stage in the year, the financial position is for noting only.
Any Declarations of Interest Declared: None
Any Dispensation Granted: None
Minutes:
75.1 The Cabinet Member for Finance, Councillor Whitehead, introduced the report and provided Members with an overview of the details contained in the report and the tabled papers.
75.2 Councillor Whitehead moved the recommendations in the report.
75.3 Councillor Gould seconded the recommendations and thanked the finance team for their diligence and hard work throughout the year.
75.4 in response to a question from Councillor Eburne regarding the financial variance relating to staff management, the Chief Executive outlined the challenges surrounding the recruitment process during the current pandemic and the impact of this on the figures in the report.
75.5 The Corporate Manager for Finance and Commissioning and Procurement responded to a question from Councillor Field regarding the business rates pool, and confirmed that the benefit included Bramford power station.
It was RESOLVED:
That the Council’s financial position for the General Fund at the end of Quarter 3 be noted.
Reason for Decision: To ensure that Councillors are kept informed of the current budgetary position for both General Fund Revenue and Capital.