Issue - meetings

UPDATE ON COVID 19 FINANCIAL POSITION

Meeting: 09/12/2021 - Policy and Resources Committee (Item 8)

8 UPDATE ON COVID 19 FINANCIAL POSITION pdf icon PDF 451 KB

Report by Section 95 Officer

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Additional documents:

Minutes:

The Committee gave consideration to a report providing an update on the projected impact of the Covid-19 pandemic on the Council’s Revenue Budget in 2021/22 and 2022/23 and the available Covid funding.

 

Decision

 

The Policy and Resources Committee noted the submitted report and, in particular that -

 

1.    Since the report taken to Policy and Resources Committee on 14 October 2021, there had been a decrease to the overall estimated 2021-22 Covid revenue cost pressure of £0.051m and a decrease to the overall estimated 2022-23 Covid cost pressure of £0.048m.

 

2.    There was currently £7.067m of available Covid funding.

 

3.    There remained Scottish Government Covid Funding of £1.667m and £5.400m from the Loans Fund Principal Repayment Holiday (if required) which would be ringfenced for Covid purposes as outlined in paragraph 3.9 of the submitted report.

 

(Reference: Report by Section 95 Officer dated 29 November 2021, submitted)

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