The report of the Director of Neighbourhoods provided a summary of the projected year-end revenue and capital position as at the end of Quarter 3 (December 2020) of the 2020/21 financial year. The Council’s response to the Covid-19 pandemic continued to present financial risk due to uncertainty and fluidity in the external environment. The overall financial position for the Council remained challenging, and a number of actions were in progress to mitigate the overall forecast position presented at quarter 3, including limiting spending to essential areas of service delivery only, with Corporate Directors supported to mitigate the risk of overspending.

Sarah Cox, Senior Finance Business Partner, presented the report and noted that the yearend forecast was £3.184 million adverse due to loss of garden waste and car parking income, though some of that would be mitigated by claiming back the maximum (about 75%) from Government.

Resolved - That

(1)   the adverse year-end forecast position presented at Quarter 3 of £3.183m be noted.

(2)   the impact of funding and expenditure as a direct consequence of Covid-19 be noted, including the additional funding sources which have been identified, but as yet, not received.

(3)   the year-end forecast capital position for Environment, Climate Emergency and Transport Committee presented at Quarter 3 be noted.