Decision details

To inform Cabinet of the budget monitoring position against the General Fund, Housing Revenue Account and Capital Programme for 2013/14; and of proposed improvements to the monitoring of debt.

1.  That Cabinet agrees for a sum of £100K to be drawn down from the Major Repairs Reserve to fund capital works to 3 listed properties within the HRA;

2.  That Cabinet agrees for a sum of £100K to be utilised from reserves to fund the purchase of a Buy Back Scheme;

3.  That Cabinet recommends to the Constitutional Review Working Party a revision of Financial Procedure Rules which requires the reporting of aged debts over £150,000 to Council.

Corporate priorities will only be deliverable with robust finances and this report gives Members the opportunity to review the Council’s current position.

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