Decision details

To review the Council’s forecast outturn position at the end of the first quarter.

1)    That the budget monitoring position for each of the General Fund, Housing Revenue Account and Capital Programme accounts be considered;

2)    Resolved to recommend:

Ø  the approval of the revised capital programme to move slippage identified at Quarter 1 into financial year 2017/18.

Ø  the approval of the supplementary budgets set out below. Details for these supplementary budgets are set out in the body of the report and have a net nil impact on the General Fund Working Balance:

·      Decrease the Corporate Improvement and Innovation Employees budget by £46k

·      Decrease use of the Technology reserve by £46k

·      Increase the Planning Supplies and Services budget by £100k

·      Increase use of the Management of Change reserve by £100k

3)    Resolved to recommend a supplementary Capital budget in the Housing Revenue Account of £1.05m for the Affordable Housing Development Fund, as per paragraph 7.3 of the Cabinet report