Decision details

To provide a report on financial monitoring for East Herts Council for 2020/21 as at 30th September 2020.

The net revenue budget for 2020/21 is £10.667m as set out in table 1, this is funded by Council Tax. The forecast outturn as at 30th September 2020 predicts an overspend of £168k at the year end.

The revised capital budget for 2020/21 is £70.499m, of which £20.224m is estimated to be carried forward to future years.

(A)     Welcome that the net revenue budget 2020/21 forecast overspend at the end of quarter 2 has been contained at £168k; and

(B)     Endorse the revised capital budget for 2020/21 of £70.499m, of which £20.224m is estimated to be carried forward to future years.