Decision details

Quarterly Corporate Budget Monitor – Quarter 2 September

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

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.

Decision:

(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

Accompanying Documents: