Issue - meetings

Members considered the budget monitoring position in respect of the 2016-17 General Fund budget and the Housing Revenue Account, both capital and revenue. The meeting was advised that the overall General Fund revenue position was to break even, although there were some pressures, which needed to be managed.

Councillor I. Gregory spoke under Council Procedure Rule 20.1.

Councillor Townend proposed, Councillor Stummer-Schmertzing seconded and Members agreed the following that Cabinet:

1.  Notes the forecast position for 2016-17 for the General Fund;

2.  Notes the current Housing Revenue Account position;

3.  Notes the shortfall in capital receipts of £799k and agree that in order to achieve a balanced budget it will be necessary for officers to undertake a review of the existing programme and either remove projects or re-profile the programme or adjust funding;

4.  Notes the General Fund and Housing Revenue Account Capital Programmes and agree the budget changes detailed as per Annex 1 and Annex 3 (to the Cabinet report) for the General Fund capital and HRA;

5.  Notes the disposal of the SOS trailer for £5,500 plus VAT.