5 BUDGET UPDATE 2020-21 PDF 127 KB
Report by Section 95 Officer
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Minutes:
The Committee considered a report which outlined the financial risks for the Council in the 2020-21 financial year due to additional costs as a result of the immediate response to the Covid-19 pandemic as well as estimated ongoing additional costs and lost income over the remainder of the financial year.
Decision
The Committee:-
1. Noted the current estimated additional costs as a result of the Covid-19 pandemic across 2020-21 and noted the options and mitigations to deal within the in-year funding gap.
2. Agreed to the establishment of an informal working group comprising Councillors Colville, Douglas, Findlay, Freeman, McCuish, McNeilly, A Morton (Chair), Redman and Vennard being 6 Members from the administration and 3 Members from the opposition.
(Ref: Report by Section 95 Officer dated 31 July 2020, submitted)
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