Issue - meetings

Having considered an officer report, and a presentation by the Cabinet

Member for Finance and Resources, Councillor Amanda De Ryk, the Mayor

and Cabinet agreed that:

(1) the current financial forecasts for the year ending 31 March 2021 be noted

and Executive Directors be requested to complete detailed action plans to

manage down budget pressures within their directorates; and

(2) the proposed revision of the capital programme budget be noted, as set

out in section 14, with further detail attached at appendices 3 and 4.

The report was presented by Councillor Amanda De Ryk who noted a Section

114 notice had recently been served in the London Borough of Croydon. The

Mayor received an assurance that while the Council’s financial position was

very dire, there was no imminent danger of such a notice being served in

Lewisham.

Having considered an officer report, and a presentation by the Cabinet

Member for Finance and Resources, Councillor Amanda De Ryk, the Mayor

and Cabinet, for the reasons set out in the report and by a roll call vote

of 10-0:

RESOLVED that:

(1) the current financial forecasts for the year ending 31 March 2021 be noted

and Executive Directors be requested to complete detailed action plans to

manage down budget pressures within their directorates; and

(2) the proposed revision of the capital programme budget be noted, as set

out in section 14, with further detail attached at appendices 3 and 4.