Decision details

Received and noted a report detailing the Council’s revenue and capital position from the beginning of April to the end of September 2005, and details of the action being taken by Chief Officers to ensure a balanced position by the year end.

Agreed, as a matter of good financial practice, to:

1)  Note the current position of the Council’s revenue and capital budget;

2)  Note that the Regeneration and Environment Management Board and

Director of Housing and Health are currently reviewing their budgets to ensure a balanced position by the year end and that the Director of Regeneration and Environment is continuing to address the position through a detailed action plan;

3)  A £50,000 drawing from the contingency to support an improved Burglary target under the  Local Public Service Agreement and that this sum be reimbursed from the Performance Reward Grant due in 2006/07;

4)  Note the position and projected out-turn for the Housing Revenue Account and agree that a revenue contribution of £2 million be made to support the capital investment in the Council’s Housing stock.