The subject of the decision
The Head of Financial Services submitted a report which sought to update members on the budget position to inform of the financial impact of Covid-19 on the authority.
Councillor J Lister moved the recommendations as per the report and thanked officers for their hard work in pulling the budget report together under such difficult circumstances.
The motion was seconded by Councillor A Pitcher.
The motion was unanimously agreed.
Alternative options considered
The report presented proposals to the potential budget pressures arising from the Covid-19 pandemic.
The reason for the decision
To inform of the financial impact of the Covid-19 pandemic on the authority budget position.
1) The report be noted
2) Delegate to the S151 Officer in consultation with the Portfolio Holder for Finance and Legal, the increasing of the expenditure budget for the Business Grants – Discretionary Scheme for small businesses by the amount of grant allocated of £1,995,000
3) Delegate to the S151 Officer in consultation with the Monitoring Officer and Portfolio Holder for Finance and Legal the variation of income payment terms and any associated contractual variations
4) Reserves be protected by not allowing carry forwards of underspend into this financial year except in exceptional circumstances
5) Members review the position on a monthly basis and give delegated authority for the S151 to release additional sums from General Fund balances to address the budget position.