Issue - meetings

Budget Monitoring (Q3) and Virement Report

Meeting: 28/01/2021 - Cabinet (Item 72)

72 Budget Monitoring (Q3) and Virement Report pdf icon PDF 520 KB

Report of the Senior Leadership Team.

Additional documents:


The Director of Corporate Resources and Section 151 Officer 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.




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 and virements approved during quarter two as detailed in Appendix 2 to the report;


4)    Agree the withdrawal of the Commercial Property Investment Strategy as detailed in paragraph 2.7 to the report and recommend it to Council for approval.