Decision details

Received a report on the current position of the Council’s revenue and capital budgets for the period 1 April to 31 August 2005, including details of the action being taken by Chief Officers to ensure a balanced position by the year end and the position and projected out-turn for the Housing Revenue Account.  Noted in particular that discussions will be held with the East London Waste Authority regarding trade waste charges in the light of the in-year increase which has impacted on the revenue budget within the Regeneration and Environment Department.

The report also set out proposals for the reprofiling of budgets for several schemes within the Council’s Capital Programme. 

Agreed, in order to maintain an accurate capital budget position, to the reprofiling of Capital Programme schemes as set out in Appendix D to the report, and to the Director of Finance making further minor changes in order to represent the most current position.

In respect of the reprofiling of the St. George’s Complex new voluntary sector building scheme, noted that in view of the decision at our meeting on 11 October 2005 regarding the temporary use of Kingsbridge for voluntary sector accommodation (Minute 145) the proposal to appoint a consultant to review voluntary sector accommodation availability in Barking Town Centre will be deferred pending a full analysis of options around the use of the Kingsbridge site.