Issue - meetings

To receive and update on the 2017/18 budget, adjusted for any budget changes required (on a portfolio and Committee basis), taking into account the financial performance of the Council between April and September 2017.

RESOLVED:

That the latest budget forecasts for the General Fund (paragraph 3.2), Capital (paragraph 4.1) and Housing Revenue Account (paragraph 5.1) as set out in Report Item 5 to the Cabinet be noted.

The Cabinet was updated on the Council’s financial performance for the period April to September 2017.

Savings, additional income and rephasings into earmarked reserves, together with a small additional requirement of £25,000, created a further overall net reduction in the General Fund budget which now stood at £16.138 million.  Further details were set out in Section 3 of the report.

There were no new significant variations to report on capital expenditure in either the General Fund or the Housing Revenue Account.

With respect to the Housing Revenue Account a favourable variation of £153,000 had been identified, further details of which were set out in Section 5 of the report.

RESOLVED:

That the latest budget forecasts for the General Fund (paragraph 3.2), Capital (paragraph 4.1) and Housing Revenue Account (paragraph 5.1) as set out in Report Item 5 to the Cabinet be noted.