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Issue - decisions

Revenue Budget and Capital Programme Monitoring 2020/21 - as at 31/05/2020

20/07/2020 - Revenue Budget and Capital Programme Monitoring 2020/21 - as at 31/05/2020


The Executive Director, Resources, submitted a report providing the outturn monitoring statement on the City Council’s Revenue and Capital Budget for 2020/21, as at 31st March 2020.




Dave Phillips (Head of Strategic Finance) presented the report, and highlighted that the Council’s 2020/21 revenue budget, as at 31st May 2020, is currently forecast to be overspent by £23.4m.  He added that the vast majority of the forecasted pressure on revenue budgets for this year is due to the impacts of the coronavirus on Sheffield. The Council has estimated that the overall financial cost of issues relating to the COVID-19 pandemic will be upwards of £78m, though this will change as the longer term effects of the virus become better known.




RESOLVED: That Cabinet:- 





notes the updated information and management actions provided by this report and the attached appendix on the 2020/21 Revenue Budget Outturn; and






In relation to the Capital Programme, note the forecast Outturn position described in Appendix 2





Reasons for Decision



To record formally changes to the Revenue Budget and the Capital Programme.




Alternatives Considered and Rejected



A number of alternative courses of action are considered as part of the process undertaken by Officers before decisions are recommended to Members.  The recommendations made to Members represent what Officers believe to be the best options available to the Council, in line with Council priorities, given the constraints on funding and the use to which funding is put within the Revenue Budget and the Capital Programme.




Any Interest Declared or Dispensation Granted








Reason for Exemption if Public/Press Excluded During Consideration








Respective Director Responsible for Implementation




Eugene Walker, Executive Director, Resources.




Relevant Scrutiny and Policy Development Committee If Decision Called In




Overview and Scrutiny Management Committee.