Issue - meetings

Budget Monitoring (Q2) and Virement Report

Meeting: 12/11/2020 - Cabinet (Item 52)

52 Budget Monitoring (Q2) and Virement Report pdf icon PDF 665 KB

Report of the Senior Leadership Team.

Additional documents:

Minutes:

The Assistant Director for Finance introduced a report, which had been circulated in advance of the meeting, updating Members on the forecast outturn for Revenue and Capital budgets for 2020/21 and requesting approval for the changes to the budget as set out in the report.

 

RESOLVED to:

 

1)    Approve the General Fund Budget virements set out in Appendix 1 to the report;

 

2)    Approve the amendments to the Capital programme set out in Appendix 3 to the report; 

 

3)    Note the use of reserves and funds during quarter two as detailed in Appendix 2 to the report;

 

4)    Note the mid-year review of the Medium Term Financial Plan; and

 

5)    Request that a letter is sent to local Members of Parliament outlining concerns that Gedling has unfairly received comparatively lower government funding than other Nottinghamshire areas.