Decision - Targeted Budget Management (TBM) 2020/21: Month 5 (August)
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Decision details
Targeted Budget Management (TBM) 2020/21: Month 5 (August)
Decision Maker: Policy & Resources Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
Regular budget monitoring report covering all
council services and activity for the month 5 (August) period
including a forecast year-end outturn position and analysis of
COVID-19 financial impacts.
Decision:
RESOLVED:
(1) That the forecast risk position for the General Fund, which indicates a budget pressure of £7.853m be noted. This includes an overspend of £0.366m on the council’s share of the NHS managed Section 75 services;
(2) That the forecast net Collection Fund deficit of £11.818m be noted;
(3) That the forecast for the Housing Revenue Account (HRA), which is currently an underspend of £0.307m be noted;
(4) That the forecast risk position for the Dedicated Schools Grant which is an overspend of £0.429m be noted;
(5) That the forecast outturn position on the capital programme which is a forecast underspend of £0.270m be noted;
(6) That the it be agreed to “un-pause” the Brighton Research & Innovation Fibre Ring’ capital scheme as set out in Appendix 6 Capital Programme Performance’; and
(7) That the establishment of a Sinking Fund for Royal Pavilion and Museums maintenance from any underspend on those budgets in 2020/21 (see paragraph 9.9) be agreed.
Report author: Nigel Manvell
Publication date: 08/10/2020
Date of decision: 08/10/2020
Decided at meeting: 08/10/2020 - Policy & Resources Committee
Accompanying Documents:
- Targeted Budget Management (TBM) 2020/21: Month 5 (August) PDF 506 KB View as HTML (1) 156 KB
- Appendix 1: Financial Dashboard Summary PDF 238 KB View as HTML (2) 6 KB
- Appendix 2: Revenue Budget RAG Rating PDF 238 KB View as HTML (3) 139 KB
- Appendix 3: Revenue Budget Movement PDF 185 KB View as HTML (4) 110 KB
- Appendix 4: Revenue Budget Performance PDF 685 KB View as HTML (5) 525 KB
- Appendix 5: Summary of 2020/21 Savings Progress PDF 111 KB View as HTML (6) 45 KB
- Appendix 6: Capital Programme Performance PDF 326 KB View as HTML (7) 240 KB
- Appendix 7: New Capital Schemes PDF 294 KB View as HTML (8) 117 KB