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: