Agenda item
To seek approval of the allocation of the overall 2019/20 General Fund revenue variance.
(THE REPORT WILL BE PUBLISHED AND DISTRIBUTED IN DUE COURSE)
Decision:
RESOLVED that Cabinet –
(a) agrees that the total of £0.658m requested by Services can be retained by them via the associated carry forward requests, as set out in Appendix A to item A.6 of the Report of the Corporate Finance and Governance Portfolio Holder; and
(b) approves the allocation of the General Fund Variance for the year of £0.862m as set out in Table 1 of the Portfolio Holder’s report and repeated below:-
|
Proposed Allocation |
Amount |
Portfolio Holder’s Comments |
|
‘Back to Business’ Initiatives and associated activities |
£0.862m |
“It is proposed to allocate the full uncommitted General Fund variance to this major initiative and associated regeneration and economic activities.
As elsewhere in the country, the Tendring District has been hit hard by the COVID19 crisis. Therefore it is important that this Council establishes a clear focus and determination in supporting the district and the economy to not only recover as quickly as possible but to also strengthen and embed a level of resilience that will undoubtedly be required going forward. This approach will provide a solid foundation along with complimenting all of the Council’s overall prioritised and strategic objectives.
As already discussed by Members, there should be no constraints to the range of projects and initiatives that are put forward for consideration to support the whole district or perhaps more locally at ward level.
In agreeing the carry forwards of £0.658m set out earlier on in this report, along with other existing projects and actions, there will be an overlap with direct back to business activities going forward to make this initiative a success.
In terms of this success, it is also acknowledged that local businesses must have a strong influence in terms of how the Council can help and support them through what has been and will continue to be a very challenging time for them and our residents.
The ‘Back to Business’ initiative will continue to be developed over the coming weeks and further reports will be presented to Members in late summer / early autumn.”
|
Minutes:
The Cabinet gave consideration to a report of the Corporate Finance and Governance Portfolio Holder (A.6) which sought its approval of the allocation of the overall 2019/20 General Fund revenue variance.
It was reported that the Portfolio Holder for Corporate Finance and Governance had formally agreed the overall outturn position for 2019/20 on 17 July 2020, with a high level summary of the General Fund revenue position as follows:
|
Variance for the year before carry forward requests |
(£11.038m) |
|
Less agreed carry forwards that meet the carry forward criteria |
£9.518m |
|
Variance for the year after agreed carry forwards |
(£1.520m) |
|
Carry Forward requests from services that did not meet carry forward criteria |
£0.658m |
|
Remaining Variance for the year |
(£0.862m) |
The Portfolio Holder as part of that decision had also agreed the variance for the year of £0.862m as part of the overall consideration of the outturn position for the year.
The Cabinet was informed that the report now before it therefore presented for its consideration the £0.658m requested to be carried forward by services and the allocation of the remaining variance for the year of £0.862m.
Members were made aware that the£0.658m that had been requested by services to be carried forward at the end of the year had been subject to further review as the various items did not meet the associated qualifying criteria. They were in effect a ‘bid’ by services to retain a proportion of the overall favourable outturn variance of £1.520m before any further allocations were considered. The various items were set out in Appendix Aand it was proposed by the Portfolio Holder to agree all of the items.
If all of the items were agreed to be ‘carried forward’ then the general overall variance for the year of £0.862m remained to be allocated and proposals to allocate that funding in 2020/21 were set out within Table 1 of the Portfolio Holder’s report.
Having duly considered the requests by Services to retain funding at the end of 2019/20 via ‘carry forward’ requests into 2020/21 and the proposed allocations of the general overall variance monies in 2020/21:-
It was moved by Councillor G V Guglielmi, seconded by Councillor Stock OBE and:-
RESOLVED that Cabinet –
(a) agrees that the total of £0.658m requested by Services can be retained by them via the associated carry forward requests, as set out in Appendix A to item A.6 of the Report of the Corporate Finance and Governance Portfolio Holder; and
(b) approves the allocation of the General Fund Variance for the year of £0.862m as set out in Table 1 of the Portfolio Holder’s report and repeated below:-
|
Proposed Allocation |
Amount |
Portfolio Holder’s Comments |
|
‘Back to Business’ Initiatives and associated activities |
£0.862m |
“It is proposed to allocate the full uncommitted General Fund variance to this major initiative and associated regeneration and economic activities.
As elsewhere in the country, the Tendring District has been hit hard by the COVID19 crisis. Therefore it is important that this Council establishes a clear focus and determination in supporting the district and the economy to not only recover as quickly as possible but to also strengthen and embed a level of resilience that will undoubtedly be required going forward. This approach will provide a solid foundation along with complimenting all of the Council’s overall prioritised and strategic objectives.
As already discussed by Members, there should be no constraints to the range of projects and initiatives that are put forward for consideration to support the whole district or perhaps more locally at ward level.
In agreeing the carry forwards of £0.658m set out earlier on in this report, along with other existing projects and actions, there will be an overlap with direct back to business activities going forward to make this initiative a success.
In terms of this success, it is also acknowledged that local businesses must have a strong influence in terms of how the Council can help and support them through what has been and will continue to be a very challenging time for them and our residents.
The ‘Back to Business’ initiative will continue to be developed over the coming weeks and further reports will be presented to Members in late summer / early autumn.”
|
Supporting documents:
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