Decision - Targeted Budget Management (TBM) Provisional Outturn 2019/20

RESOLVED:

(1)      That the Committee note that the provisional General Fund outturn position is an overspend of £2.821m and that this represents an adverse movement of £0.350m compared to the projected and planned resource position at Month 9 taken into account when setting the 2020/21 budget.

(2)      That the Committee approve the use of 0.385m from the planned and winter maintenance reserves; and instructs officers to identify 38.5k each year for the next 10 years to replenish the funds in this reserve.

(3)      That the Committee note the provisional outturn includes an underspend of £0.011m on the council’s share of the NHS managed Section 75 services.

(4)      That the Committee note the provisional outturn for the separate Housing Revenue Account (HRA), which is an underspend of £0.679m.

(5)      That the Committee note the provisional outturn position for the ring-fenced Dedicated Schools Grant, which is an underspend of £0.703m.

(6)      That the Committee approve carry forward requests totalling £10.700m as detailed in Appendix 5 and included in the provisional outturn.

(7)      That the Committee note the provisional outturn position on the capital programme which is an underspend variance of £0.447m.

(8)      That the Committee approve the capital budget variations and re-profiling requested in Appendix 7 and new schemes in Appendix 8.