Decision details

Financial Impact of Covid-19

Decision Maker: Cabinet, Council

Decision status: Noted

Is Key decision?: No

Is subject to call in?: No


To report on the impact that Covid-19 has had on the Council's financial position, and the extent to which reserves will have to be used during 2020-21.




                      I.         That the minimum level of reserves be reduced to £4m.

                    II.         That up to £8,070,000 be released from reserves to address the in-year impact of the pandemic.

                   III.         That the Council should work towards achieving a balanced budget over the next 5 years, using reserves in the intervening years to help balance the budget.

                  IV.         That officers continue to pursue income generating initiatives, where there is a sufficiently robust business case, as part of the recovery process.

Report author: Mr John Ward

Publication date: 09/07/2020

Date of decision: 07/07/2020

Decided at meeting: 07/07/2020 - Cabinet

Accompanying Documents: