Decision details

Received a report on the Council’s revenue and capital position for the first month of the 2006/07 financial year. 

The current year for revenue highlighted a project balanced budget for the year end across all Departments with indications of early pressures that would need addressing as part of the Council’s ongoing budget monitoring process.

For the Housing Revenue Account, the resultant position expected was for the relevant working balance to increase to around £2.6 million by the year end in line with the original budget.

For capital, the latest position was that there had been spend to the end of April of around £1.4 million on the overall original budgeted programme of £66.0 million, with a current projection of a total spend in line with the budget by the year end.

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

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

(ii)  Note the position and projected out-turn for the Housing Revenue Account; and

(iii)  Approve the addition of 14 schemes to the Council’s capital programme in line with Appendix D.