Issue - meetings

Members discussed the Quarter 1 budget monitoring report which provided the Quarter 1 monitoring position in respect of the 2019-20 General Fund budget and the Housing Revenue Account, for both capital and revenue.

At this stage, the overall General Fund revenue position was forecast to be an overspend of £862,000, however the report also highlighted some in-year pressures and risks that had not been possible to quantify at this time.

The Housing Revenue Account was forecast to underspend by £288k, details of which were highlighted in section 3 of the Cabinet report. With regards to the Council’s capital programme, detailed out in Annex 1 and Annex 2 to the report, the General Fund budget was anticipated to be spent and the HRA expected to be underspent, at year end.

Councillor Everitt spoke under council Procedure Rule 20.1.

Councillor Saunders proposed, Councillor Ashbee seconded and Cabinet the following:

1.  To note the 2019-20 Quarter 1 forecast position for:

  i.  The General Fund;

  ii.  The Housing Revenue Account;

  iii.  The General Fund and Housing Revenue Account Capital Programmes;

2.  To approve the updated General Fund and Housing Revenue Account capital programmes as set out in Annex 1 and 2 to the Cabinet report.