·
The
report on the end of November 2020 review of the Revenue Budget was accepted,
and the latest financial situation regarding the budgets of each department /
service was considered.
·
The
financial impact of Covid-19, which is a combination of additional costs,
income losses and a slippage in the savings programme, was noted as the Council
had given the utmost priority to safeguarding the health and lives of the
people of Gwynedd in response to the crisis.
·
It
was noted that there was a significant overspend in the Adults, Health and
Well-being Department and the Children and Families Department this year. The
work of gaining a better understanding of these matters is ongoing.
·
The
following recommendations and financial virements (as outlined in Appendix 2)
were approved.
·
On
Corporate budgets, that:
¾ An underspend of (£613k) relating to
capital costs was transferred to the capital programme fund.
¾ The net underspend of (£1,177k) on
Corporate budgets will go towards the Council's general balances to assist in
facing the financial challenge ahead of the Council at the end of 2020/21,
especially in light of the Covid-19 crisis.
·
That grant receipts from the Government to
compensate for additional expenditure and loss of income in relation to the
Covid-19 crisis will be allocated to the relevant departments in accordance
with what is noted in Appendix 1.