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.