Decision details

2020/21 Finance Report Quarter 3

Decision Maker: Cabinet

Decision status: Recommmend Forward to Council

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To provide information on the Quarter 3 (to 31 December 2020) financial position of the Council

Decision:

DECISION:

 

1)    That the report and Appendix A be noted.

 

2)    That the estimated position with regard to the approved contributions to and use of reserves be noted.

 

RECOMMENDED TO COUNCIL:

 

3)    That the General Fund and Housing Revenue Account Capital programme be approved as set out in table 5 and 7 of Appendix A.

 

4)    The NNDR S31 grant for expanded retail relief and the nursery reliefs in 2020/21 is carried forward in reserves to cover the NNDR deficits recognised in 2021/22 (as detailed in section 5.3.1)

 

5)    That the income received from the NNDR & Council Tax income compensation scheme be carried forward in a reserve to cover the deficits recognised in future years (As detailed in section 5.3.2)

 

Reasons for the decision:

To provide timely information to Members on the overall financial position of the Council

Alternative options considered:

Do nothing

Interests and Nature of Interests Declared:

None.

Wards Affected: (All Wards);

Conflict of Interest: None

Dispensation Granted: None

Contact: Carl Holland, Deputy Head of Finance Email: Carl.Holland@pspsl.co.uk, Samantha Knowles, Strategic Finance and Compliance Manager Email: SKnowles@sholland.gov.uk.

Report author: Carl Holland

Publication date: 18/02/2021

Date of decision: 16/02/2021

Decided at meeting: 16/02/2021 - Cabinet

Effective from: 26/02/2021

Current call-in Count: 0

Accompanying Documents: