Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
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.
Report author: Steven Linnett
Publication date: 26/11/2020
Date of decision: 24/11/2020
Decided at meeting: 24/11/2020 - Executive
Effective from: 03/12/2020