Agenda and minutes

Joint Scrutiny Committee (Budget Monitoring)
Monday, 15th March, 2021 10.00 am

Venue: Virtually via Microsoft Teams - if you would like to attend this meeting live via Microsoft Teams please contact committee.services@blaenau-gwent.gov.uk

Contact: Democratic Services  7788

Media

Items
No. Item

1.

Simultaneous Translation

You are welcome to use Welsh at the meeting, a minimum notice period of 3 working days is required should you wish to do so.  A simultaneous translation will be provided if requested.

Minutes:

It was noted that no requests had been received for the simultaneous translation service.

 

2.

Apologies

To receive.

Minutes:

The following apologies for absence were received:-

 

Councillor S. Healy

Councillor M. Cross

Councillor T. Sharrem

Councillor G. Collier

Councillor G. Paulsen

Mr. T. Baxter (Co-opted Member)

 

3.

Declarations of Interest and Dispensations

To receive.

Minutes:

The following declarations of interest and dispensations were raised:-

 

Councillor B. Summers – Item No. 6 - Revenue Budget Monitoring 2020/2021 Forecast Outturn to 31st March 2021 (as at 31st December 2020) (Silent Valley)

 

Councillor M. Cook - Item No. 6 - Revenue Budget Monitoring 2020/2021 Forecast Outturn to 31st March 2021 (as at 31st December 2020) (Silent Valley)

 

Councillor P. Edwards - Item No. 6 - Revenue Budget Monitoring 2020/2021 Forecast Outturn to 31st March 2021 (as at 31st December 2020) (Markets)

 

Councillor J.C. Morgan - Capital Budget Monitoring

Forecast for 2020/2021 Financial Year (as at
31st December 2020) (THI Tredegar)

 

 

 

 

 

 

4.

Joint Scrutiny Committee (Budget Monitoring) pdf icon PDF 322 KB

To receive the minutes of the special Joint Scrutiny Committee (Budget Monitoring) held on 23rd February, 2021.

 

(Please note the minutes are submitted for points of accuracy only).

Minutes:

The Minutes of the Joint Scrutiny Committee meeting held on 23rd February, 2021 were submitted.

 

The Committee AGREED that the Minutes be accepted as a true record of proceedings.

 

5.

Action Sheet - 23rd February 2021 pdf icon PDF 91 KB

To receive the Action Sheet.

Additional documents:

Minutes:

The action sheet arising from the Joint Scrutiny (Budget Monitoring) Committee held on 23rd February, 2021.

 

The Committee AGREED that the Action Sheet be noted.

 

6.

Revenue Budget Monitoring -2020/2021, Forecast Outturn to 31 March 2021 (As at 31st December 2020) pdf icon PDF 583 KB

To consider the report of the Chief Officer Resources.

Additional documents:

Minutes:

Consideration was given to report of the Chief Officer Resources.

 

The Committee AGREED the report and provided the appropriate challenge to the financial outcomes in the report.

 

7.

Capital Budget Monitoring, Forecast for 2020/2021 Financial Year (As at 31 December 2020) pdf icon PDF 431 KB

To consider the report of the Chief Officer Resources.

Additional documents:

Minutes:

Consideration was given to report of the Chief Officer Resources.

 

The Committee AGREED the report and

 

 (a)        provided appropriate challenge to the financial outcomes in the report;

 (b)        continued to support appropriate financial control procedures agreed by Council; and

 (c)        noted the budgetary control and monitoring procedures in place within the Capital Team, to safeguard Authority funding.

 

8.

Use of General and Earmarked Reserves 2020/2021 pdf icon PDF 597 KB

To consider the report of the Chief Officer Resources.

Additional documents:

Minutes:

Consideration was given to report of the Chief Officer Resources.

 

The Committee AGREED the forecast use of general and earmarked reserves for 2020/2021 and

 

(a)        consider the impact of the £0.552m favourable variance for 2020/2021 would have on the budgeted contribution to the General Reserve;

(b)        noted the forecast increase of the General Reserve in 2020/2021 to £7.151m, being 5.28% of net revenue expenditure (above the 4% target level); and

(c)         continued to challenge budget overspends and implement appropriate service Action Plans, where required.

 

Maintenance of general reserves at an adequate level was crucial to the Council being able to meet future liabilities arising from risks for which specific provision has not been made.