Issue - meetings

To present the financial outturn position as at September 2020.

The financial outturn position as at September 2020 was presented to members and it was noted that the position had improved since the last report and there now might be a slight surplus rather than the expected deficit of around £900,000. The council benefitted from the government’s various Covid-19 funding schemes which covered some of the predicted losses. However it was noted that income would be impacted as the crematorium would not be completed until January 2022.

In response to members’ questions it was reported that the long term forecast might not be as positive, if for example the new homes bonus was removed and not replaced by government and depending on the outcome of the government’s delayed Fare Funding Review.

Members noted the report.