To consider a report of the Executive Member for Finance and Governance & Corporate Director, Finance and Systems.

The Executive Member for Finance and Governance and Corporate Director of Finance and Systems submitted a report which informed Members of the current 2020/21 forecast outturn figures relating to both Revenue and Capital budgets. It also summarised the latest forecast position for Council Tax and Business Rates within the Collection Fund; and it was noted that it had been referred to and considered by the Executive at its meeting on 25/1/21. Whilst the report covered the period prior to the most recent national Covid-19 pandemic lockdown, it represented a more favourable position than that described in the previous report. In discussion, questions were raised in relation to the Council’s treatment of shortfalls on local taxation revenue, and it was confirmed that these would be spread equally over three years, as allowed by central government provisions.

          RESOLVED – That the content of the report be noted.