Issue - meetings
2020/21 Budget Revision 3
Meeting: 25/01/2021 - Mayoral Combined Authority Board (Item 18)
18 Budget Revision 3 
PDF 353 KB
Additional documents:
- Appendix 1: Detailed Budget Monitoring Reports, item 18
PDF 466 KB
- Appendix 2: Mid-year Treasury Report, item 18
PDF 669 KB
- Appendix 3: Gainshare Commitments, item 18
PDF 567 KB
- Webcast for Budget Revision 3
Minutes:
A report was submitted which provided revised budget forecasts to the end of the financial year 2020/21. The report recommended the adoption of the budget estimates and adjustments to budgetary ceilings.
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The economic disruption that had been caused by the Covid-19 pandemic and the resultant fiscal response from the Government had significantly changed the MCA’s capital and revenue budgets over the course of the year. A third budget revision exercise had been undertaken at the end of November 2020 to ensure that the MCA’s financial plans remained aligned to the business priorities. |
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RESOLVED – That Members:-
i. Adopted the revised budget estimates.
ii. Noted the key conclusions of the mid-year treasury report.
Noted the slower than forecast pace of the capital programme.