Issue - meetings

To note and confirm the current budget position, including the additional expenditure items that have been identified.

RESOLVED:

That the revised outturn forecasts for the General Fund (paragraph 3.2 of report item 7); Capital Fund (paragraph 5.1 of report item 7) and Housing Revenue Account (paragraph 5 of report item 7) be noted and the additional expenditure items identified in Section 3 of the report approved.

The Cabinet considered the Council’s financial performance to the end of June 2015.  A number of additional expenditure items had been identified since the budget had been agreed, in particular from the rephasing of projects into the current financial year, increasing the General Fund requirement to £19.595 million.  Details of all identified additional expenditure and other variations were set out in section 3 of the report.

Similarly, the rephasing of a number of capital projects had increased the capital programme budget from £18.516 million to £21.037 million. Full details were set out in section 4 of the report, with variations to the Housing Revenue account in section 5.

In general terms the Council was performing as expected, and there were no current concerns about potential implications, from the Council’s performance, leading up to the setting of the budget for 2016/17.

RESOLVED:

That the revised outturn forecasts for the General Fund (paragraph 3.2 of report item 7); Capital Fund (paragraph 5.1 of report item 7) and Housing Revenue Account (paragraph 5 of report item 7) be noted and that the additional expenditure items identified in Section 3 of the report be approved.