Decision details

To consider the third quarter revenue and capital monitoring forecast and to consider any specific recommendations on the application of resources in-year, including movements to and from reserves, as required by Financial Procedure Rules.

1)    That in regards to the General Fund (i) the 2020/2021 forecast revenue overspend of £1.9m as at Quarter 3 be noted (ii) the 2020/2021 forecast £7.6m High Needs overspend which, as per current DfE guidance will roll forward into 2021/2022 on the Council’s balance sheet as a negative reserve, be noted (iii) approval be given to the proposed mitigation of the PFI affordability double count on schools funding over 2019-2020, as set out at para. 1.3.9 (iv) it be noted that, in conjunction with the assumed continued support of Central Government to adequately compensate the Council for Covid-19 pressures, the Council’s Executive Team continue to identify opportunities for spending plans to be collectively brought back in line within the Council’s overall budget by year end and (v) that the forecast year-end position on corporate reserves and balances be noted.

2)    That the forecast position on the Collection Fund as at Quarter 3 be noted.

3)    That, in regards to the Housing Revenue Account, the Quarter 3 forecast Housing Revenue Account position and the forecast year-end reserves position be noted.

4)    That, in regards to Capital, (i) it be noted that the Quarter 3 forecast capital monitoring position for 2020/2021 be noted (ii) approval be given to the re-profiling across years of the capital plan, as set out at Appendix 6 (iii) approval be given to £120k capital proposal for Call System Replacement in the Adult Social Care Intermediate Homes (iv) approval be given to £300k enabling works at Emerald Street Depot (v) approval be given to the release of funding from the Sustainability of Major Town Halls - Service Development Capital Programme line for works at Batley Town Hall and (vi) approval be given to a £109k new self funded capital proposal for Liquid Logic Childrens and Delegation Portal to be added to the plan, as detailed within the report.