Cheshire West face £1 million funding shortfall due to Covid-19

By The Editor

23rd Nov 2020 | Local News

Cllr Carol Gahan heads up Cheshire West's finance portfolio
Cllr Carol Gahan heads up Cheshire West's finance portfolio

New financial predictions say Cheshire West and Chester Council are facing a £1 million shortfall due to the coronavirus pandemic.

This figure is much reduced from October's estimation that CWAC would be facing a £5.5 million hole.

In a pre-meeting report for the council's November cabinet, it was revealed that CWAC has faced £46.6 million worth of extra cost pressures.

The report added: "The Council has so far received £37m of funding for Covid-19 pressures and is estimating further funding of £7.3m in relation to the income compensation scheme. 

"Along with £1.3m of estimated reimbursements from Clinical Commissioning Groups the total funding received by the Council is therefore expected to be £45.6m, leaving a shortfall of £1m."

Officials plan to plug the hole with £4.7 million 'previously been identified to fund the financial impacts of Covid-19', which is money taken from the authority's reserves, 'and £3.3m identified by services in year as part of a budget mitigation activity'.

Cabinet members will also vote to approve adding £2.3 million to this pot of cash to help the authority with any more coronavirus costs in 2021-22.

Elsewhere, the pandemic has also resulted in £604,000 of CWAC savings targets to be non-deliverable, although 62 per cent — £4.5 million — of savings proposals are on target to be delivered this year, with 92 per cent (£6.6 million) still being considered as feasible.

The report also predicts the council's 'business as usual' activity will underspend by £1.6 million.

     

New frodsham Jobs Section Launched!!
Vacancies updated hourly!!
Click here: frodsham jobs

Share:

Related Articles

Hardwicke Circus is currently on a nationwide tour, bringing their original sound to Stonegate pubs all over the UK. (Credit: Ben Shahrabi)
Local News

Hits a GoGo: Hardwicke Circus releases a tongue-in-cheek bid for chart victory - listen to the single

Hardwicke Circus will kick off their pub tour in Sheffield on September 26. (Credit: Hardwicke Circus and Pixabay)
Local News

Hardwicke Circus to bring critically-acclaimed rock 'n' roll sound to pubs all over the UK

Sign-Up for our FREE Newsletter

We want to provide Frodsham with more and more clickbait-free local news.
To do that, we need a loyal newsletter following.
Help us survive and sign up to our FREE weekly newsletter.

Already subscribed? Thank you. Just press X or click here.
We won't pass your details on to anyone else.
By clicking the Subscribe button you agree to our Privacy Policy.