The Pre-Decision Scrutiny Questions and officer responses were noted.

DECISION

1.    To note the Council’s provisional outturn position against General Fund, Dedicated Schools Budget, Housing Revenue Account and the Capital Programme for 2019-20, based on information as at early June 2020.

2.    After taking consideration of the reduced level of General Fund reserves as presented, to approve the drawdown of £11.7m from the New Home Bonus reserve into GF reserves, in order to maintain balances at £20m.

3.    To note that there are no equalities implications directly resulting from this report, as set out in Section 4 of the report.

Action by:

CORPORATE DIRECTOR, RESOURCES (N. MURTON)

(Chief Accountant (T. Harlock)

Candida Ronald, Cabinet Member for Resources and the Voluntary Sector, introduced the report. It included details of the general fund, dedicated schools grant and housing revenue account.

She highlighted the challenges to the Council in the current financial climate and the need to balance reserves against current spending. There was a recommendation that there would be a drawdown from the new homes bonus into general fund reserves.

The Mayor noted the comments made and the pre-decision scrutiny questions and officer responses and agreed the recommendations as set out.

RESOLVED

1.    To note the Council’s provisional outturn position against General Fund, Dedicated Schools Budget, Housing Revenue Account and the Capital Programme for 2019-20, based on information as at early June 2020.

2.    After taking consideration of the reduced level of General Fund reserves as presented, to approve the drawdown of £11.7m from the New Home Bonus reserve into GF reserves, in order to maintain balances at £20m.

3.    To note that there are no equalities implications directly resulting from this report, as set out in Section 4 of the report.