Issue - meetings

Members considered the budget monitoring position in respect of the 2017-18 General Fund budget and the Housing Revenue Account. 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.

It was noted that two errors were contained within the report; firstly at paragraph 2.1, where £715,000.00 surplus should be replaced with £224,000.00 overspend; and secondly in the net budget column heading, in table two, which should read 2017-18 rather than 2016-17.

Councillor Gregory spoke under council procedure rule 20.1.

Councillor L Fairbrass proposed, Councillor Crow-Brown seconded and Cabinet agreed:

“To note the forecast position for 2017-18 for:

(i)  The General Fund.

(ii)  The Housing Revenue Account.

(iii)  The General Fund and Housing Revenue Account Capital Programmes.

(iv)  Cabinet agrees the proposed funding changes of the Capital Programme as detailed in paragraph 3.3.

The changes to the HRA Capital Programme as detailed in paragraph 3.11.”