Decision details

The Committee gave consideration to a report providing a summary of the financial monitoring reports as at the end of August 2020.  There were six detailed reports summarised within the executive summary including the Revenue Budget Monitoring Report as at 31 August 2020; Monitoring of Policy Savings Options as at 31 August 2020; Monitoring of Financial Risks as at 31 August 2020; Capital Plan Monitoring Report as at 31 August 2020; Treasury Monitoring Report as at 31 August 2020 and Reserves and Balances as at 31 August 2020.

Decision

The Policy and Resources Committee –

1.    Noted the revenue budget monitoring report as at 31 August 2020 and noted the comments in respect of the Health and Social Care Partnership.

2.    Noted the progress with the policy savings options as at 31 August 2020.

3.    Noted the financial risks for 2020-21.

4.    Noted the capital plan monitoring report as at 31 August 2020 and approved the proposed changes to the capital plan as detailed in Appendix 4 to the report.

5.    Noted the treasury monitoring report as at 31 August 2020.

6.    Noted the reserves and balances report as at 31 August 2020.

7.    Agreed to recommend to Council that the revenue virements over £0.200m during

July and August are approved.

(Reference: Report by Section 95 Officer dated 1 October 2020, submitted)