11 REVENUE BUDGET 2020/21 - END OF AUGUST REVIEW PDF 254 KB
Cyflwynwyd gan: Cyng / Cllr. Ioan Thomas
Additional documents:
Decision:
¾ To accept the report on the end of
August 2020 review of the Revenue Budget, and consider the latest financial
situation regarding the budgets of each department/service.
¾
To
note the financial impact of Covid-19, which is a combination of additional
costs, income losses and slippage in the savings programme, as the Council has
given the utmost priority to safeguarding the health and lives of the people of
Gwynedd in response to the crisis, which means that it was not possible to
continue with the performance challenging and savings arrangements during the
crisis period.
¾
To
support the intention of the Chief Executive and Head of Finance Department to
meet with each Cabinet Member and their Head of Department, to discuss how it
will be possible to resume the procedure of delivering the proposed savings, so
that the Council can proceed with a proportion of the savings programme,
despite the crisis.
¾
To
note that there is significant overspend by the Adults, Health and Well-being
Department this year, as complex details need to be clarified in Adult care;
the Chief Executive has already commissioned work to obtain a better
understanding of the matters and a clear response programme.
¾
To
note that the Chief Executive has commissioned the Children's Budget Taskforce
to address serious financial matters within the Children and Families
Department to get to the root of the Department's overspend, with the intention
of submitting a report to the Cabinet that will detail the response plan.
¾
To
approve the following recommendations and financial virements (as outlined in
Appendix 2).
·
On
Corporate budgets, that:
¾ (£250k) relating to capital costs
has been transferred to a capital programme fund. - the net underspend of
(£1,127k) on Corporate budgets will go towards the Council's general balances
to assist in facing the financial challenge that lies ahead for the Council,
especially in light of the Covid-19 crisis.-
¾ 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.
Minutes:
The
report was presented by Cllr Ioan Thomas
DECISION
·
The report on the end of August 2020 review of the Revenue Budget was
accepted, and consideration was given the latest financial situation regarding the
budgets of each department/service.
·
The financial impact of Covid-19 was noted, which was a combination of
additional costs, income losses and slippage in the savings programme, as the
Council had given the utmost priority to safeguarding the health and lives of
the people of Gwynedd in response to the crisis, which meant that it was not
possible to continue with the performance challenging and savings arrangements
during the crisis period.
·
The intention of the Chief Executive and Head of Finance Department to
meet with each Cabinet Member and their Heads of Department, to discuss how it
would be possible to re-grasp the procedure of delivering the proposed savings,
so that the Council could proceed with a proportion of the savings programme,
despite the crisis, was supported.
·
It was noted that there was significant overspend by the Adults, Health
and Well-being Department this year, as complex details need to be clarified in
Adult care; the Chief Executive had already commissioned work to obtain a better
understanding of the matters and a clear response programme.
·
It was noted that the Chief Executive had commissioned the Children's
Budget Taskforce to address serious financial matters within the Children and
Families Department to get to the root of the Department's overspend, with the
intention of submitting a report to the Cabinet detailing the response plan.
·
The following recommendations and financial virements
(as outlined in Appendix 2) were approved.
o
On Corporate budgets, that:
¾ (£250k) relating to capital costs
had been transferred to the capital programme fund.
¾ the net underspend of (£1,127k)
on Corporate budgets would go towards the Council's general balances to assist
in facing the financial challenge ahead of the Council, especially in light of
the Covid-19 emergency.
·
That grant receipts from the Government to compensate for additional
expenditure and loss of income in relation to the Covid-19 crisis would be
allocated to the relevant departments in accordance with what is noted in
Appendix 1.
DISCUSSION
The
report was submitted, noting that it highlighted the latest review of the Council's revenue budget, along with the projections for the end of the financial year. It was stated that the figures in the end of August
review highlighted the financial impact of Covid-19 on the figures, that were a combination
of additional costs, income losses and
a slippage in the savings programme.
It was noted that the Welsh Government had established a hardship fund to compensate for costs and loss of income of Local Authorities. In Gwynedd, monthly applications of over £4.5 million had been submitted to Welsh Government to compensate the Council for the period up to the end of August, with £3.6 million having already been received. In terms of the loss of income, an application for the ... view the full minutes text for item 11
Awdur: Ffion Madog Evans