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To approve:
- Changes to 2020/21 General Fund revenue and capital budgets to address
financial pressures resulting from the Covid-19 pandemic; and
- An interim update to the General Fund Medium Term Financial Strategy
Decision type: Key
Reason Key: Executive Proposals: Annual budget;
Decision status: Recommendations Approved
Notice of proposed decision first published: 21/05/2020
Decision due: 6 Jul 2020 by Executive Councillor for Transformation
Lead member: Executive Councillor for Transformation
Department: Finance
Contact: Caroline Ryba, Chief Financial Officer Email: caroline.ryba@cambridge.gov.uk.
Additional Information: This is a key item and will automatically appear on the agenda.
Background Information: The Covid-19 pandemic and associated lockdown is impacting the council's expenditure and income streams. As a result, the council needs to reassess its current year budgets and longer term financial strategy.