Decision details

a)      COVID FINANCES UPDATE (KEY DECISION)

1.        That the contents of the report be noted.

2.        That the estimated financial impacts of COVID 19 on GM districts, GMCA and TFGM budgets be noted.

3.        That the analysis of the position be noted for :

o    GM Waste Disposal Budgets

o    TFGM and Metrolink

o    Other GMCA budgets

o    Retained Business Rates pilot

4.        That the return of a further £5m of GMCA reserves to the nine GM waste districts be approved.

5.        That the return of £1m of GMCA funding from GMCA core budgets to or for the use of the ten districts be approved.

b)     GMCA REVENUE UPDATE 2020/21

1.        That it be noted that the Mayoral General revenue outturn position for 2020/21 shows a breakeven position.

2.        That it be noted that the Mayoral General – GM Fire & Rescue revenue outturn position for 2020/21 shows an underspend position of £2.946 million.

3.        That the GMCA General Budget revenue outturn position for 2020/21 be noted, which shows a breakeven position.

4.        That it be noted that the GMCA transport revenue outturn position for 2020/21 was in line with budget.

5.        That the Waste outturn position for 2020/21 be noted and that the proposal to transfer estimated at £2.142m from reserves be noted.

6.        That it be noted that the TfGM revenue position for 2020/21 was in line with budget after efficiency savings and transfers from reserves of £4.870 million.

7.        That is be noted that appropriate adjustments to the 2020/21 budget will be included in the Quarter 2 revenue update.

c)      GMCA CAPITAL UPDATE 2020/21 (KEY DECISION)

1.        That the current 2020/21 forecast underspend of £21.319m compared to the 2020/21 capital budget be noted.

2.        That the addition to the 2020/21 Capital Programme of £1.9 million of costs, funded from the capital grant of £1.9 million that forms part of the £3.2 million of Emergency Active Travel (Tranche 1) funding, be approved.

d)     GMCA TREASURY MANAGEMENT OUTTURN REPORT 2019/20

That the report be noted.