Decision details

2020/21 & 2021/22 Covid-19 Budget Position Statement

Decision Maker: Policy and Resources Committee

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The financial position for 2020/21 and 2021/22 as a result of Covid-19 and recommendation to Full Council to approve a change to the Council's 2020/21 Annual Budget approved on 2 March 2020 due to an increase in funding and expenditure associated with Covid-19

Decision:

A. RECOMMENDED (unanimously) - To Council that an additional £99,731,884 be added to the budget for 2020/21 as a result of additional one off Government funding received since the 2020/21 budget was set on 2 March 2020 to either be spent or passported to support the emergency response to Covid-19 or returned to the Government by 31 March 2021, as described in Section 5 of the report.

 

B. Resolved (Unanimously) – That the Policy and Resources Committee supports the formal application to MHCLG to request a capitalisation directive from HM Treasury on the Council’s behalf, as described in Section 6 of the report.

 

Report author: Shaer Halewood

Publication date: 09/10/2020

Date of decision: 07/10/2020

Decided at meeting: 07/10/2020 - Policy and Resources Committee

Effective from: 15/10/2020

Accompanying Documents: