• Decision details
  • Decision details

    Decision Maker: Cabinet

    Decision status: Recommendations Approved

    Is Key decision?: No

    Is subject to call in?: Yes

    Decisions:

    The Service Director, Finance and Improvement Services provided the Cabinet with an overview of the Council’s performance, both from a financial and operational perspective, for the financial year ended 31st March 2020.

     

    The Service Director noted that the Council’s year end position was reflective of the significant financial pressures to the Council as a result of Storm Dennis and Covid-19. Members were advised that the revenue budget performance was a £289,000 overspend against a net budget of £483M, which was an improved position from the previous quarter.

     

    In respect of the Capital Budget, the Service Director advised that there had been continued significant capital investment made during the year of £121M.

     

    The Service Director advised that positive progress had been made against the Council’s Corporate Plan Priorities and the Council’s Investment Priorities; and that 78% of the measures reported within the Corporate Plan Indicator results had been on target.

     

    The Leader thanked the officer for the report, commenting that the overspend for the year was marginal in comparison to many other Local Authorities, especially given the pressures faced. Referring to the Storm Dennis costs outlined on page 199 of the report, the Leader advised that the cost was in relation to emergency assistance, and that the long term impact to the Council was estimated to be in the region of £70M.

     

    The Deputy Leader acknowledged that there would be significant pressures moving forward, due to Covid-19, Storm Dennis and the floods which followed, and commented that performance should be considered on a wider spectrum given the unprecedented events.

     

    The Cabinet Member for Corporate Services echoed previous comments in relation to the ongoing pressures faced by the Council and commented that the year-end overspend was small taking things into consideration. The Cabinet Member went on to speak of the successful projects outlined within the Capital Programme, such as Llys Cadwyn and the highways and town centre developments.

     

    The Cabinet RESOLVED:

    1.    To note the unprecedented context the 2019/20 year-end report is set within, in respect of Storm Dennis and the start of the COVID-19 pandemic.

     

    Revenue

    2.    To note and agree the General Fund revenue position of the Council as at the 31st March 2020 (Section 2 of the Executive Summary) and note the incorporation of additional one-off Welsh Government funding to support winter and emergency care measures across the health and social care system.

    3.    To note the net financial impact of Storm Dennis, incorporated into the 2019/20 year-end position.

     

    Capital

    4.    To note the capital outturn position of the Council as at 31st March 2020 (Sections 3a – e of the Executive Summary).

    5.    To note the details of the Treasury Management Prudential Indicators as at the 31st March 2020 (Section 3f of the Executive Summary).

     

    Corporate Plan Priorities

    6.    To note the year-end position regarding progress made against the agreed Corporate Plan priorities (Sections 5 a – d of the Executive Summary), Other National Measures (Section 5e of the Executive Summary) and comparison of 2019/20 targets set against prior year and ‘All Wales Average’ performance information (Section 5f of the Executive Summary).

    Publication date: 28/07/2020

    Date of decision: 28/07/2020

    Decided at meeting: 28/07/2020 - Cabinet

    Effective from: 05/08/2020

    Accompanying Documents: