Issue - meetings

Members will receive the revenue and capital outturn for 2019/20 for the special expenses area.

The committee gave consideration to the 2019/20 revenue and capital outturn for the special expenses area of Hinckley.

RESOLVED – the report be noted.

To inform members of the draft financial outturn for 2019/20, the impact of Covid-19 on the first quarter’s financial position and the longer term outlook.

This report will be considered by Finance & Performance Scrutiny on 9 September and comments of that body will be reported to Council.

Council received a report on the draft financial outturn for 2019/20, the impact of Covid-19 on the first quarter’s financial position and the longer term outlook. During discussion, the following points were raised:

·         Concern over the financial impact of Covid-19

·         Concern about action to mitigate the impact of being unable to access properties to carry out asbestos surveys. It was agreed that more information and reassurance would be provided to the councillor

·         The financial savings of moving to a unitary authority were not evidenced or convincing

·         Savings that would be required were not yet known and some difficult decisions may have to be taken.

It was moved by Councillor Lynch, seconded by Councillor Bray and

RESOLVED –

(i)            The general fund outturn for 2019/20 be approved;

(ii)           Transfers to earmarked reserves and balances as outlined in the report be approved;

(iii)          The general fund revenue carry forwards of expenditure and income to 2020/21 be approved;

(iv)         The housing revenue and housing repairs account outturn for 2019/20 and transfers to and from balances as details in sections 3.8 to 3.9 be approved;

(v)          The capital programme outturn for the general fund and housing revenue account from 2019/20 be approved;

(vi)         The HRA carry forwards be approved;

(vii)        The capital carry forwards be approved;

(viii)       A £60,000 contribution to a new HRA rent equalisation reserve to assist in smoothing of any future rental deficit be approved;

(ix)         The first quarter impact of Covid-19 on the in-year performance be noted;

(x)          The longer term financial pressures be noted.

To inform the committee of the draft financial outturn position for 2019/20, the impact of Covid19 on the first quarter’s financial position and the longer term outlook.

Members received a report which informed them of the draft financial outturn for 2019/20, the impact of covid-19 on the first quarter’s financial position and the longer term outlook.

Councillor Mullaney entered the meeting at 6.33pm and Councillor Morrell entered at 6.38pm.

It was moved by Councillor Williams, seconded by Councillor Williams, seconded by Cllr Collett and

RESOLVED – the report be supported and RECOMMENDED to Council.