Issue - meetings

The Deputy Chief Finance Officer presented a report on the Council’s revenue and capital budget position for the 2013/14 financial year as at 31 May 2013.

The General Fund position showed a projected end of year surplus of £6.4m against the total approved budget of £178.1m, which would result in the General Fund balance increasing to £23.9m.  The Housing Revenue Account (HRA) showed a projected break-even position.

In respect of the Capital Programme, the Deputy Chief Finance Officer referred to a number of proposed amendments to existing schemes and the inclusion of new schemes relating to Direct Payment Adaptations (£0.4m), Disabled Facilities Grant (£0.575m) and Community Capacity Grant (£0.491m).

Cabinet resolved:

(i)  To note the projected outturn position for 2013/14 of the Council’s revenue budget at 31 May 2013, as detailed in paragraphs 2.3 to 2.11 and Appendix A of the report;

(ii)  To note the progress against the 2013/14 savings targets at 31 May 2013, as detailed in paragraph 2.12 and Appendix B of the report;

(iii)  To note the position for the HRA at 31 May 2013, as detailed in paragraph 2.13 and Appendix C of the report;

(iv)  To note the projected outturn position for 2013/14 of the Council’s capital budget at 31 May 2013, as detailed in paragraph 2.14 and Appendix D of the report; and

(v)  To approve the reprofiled Capital Programme as detailed in Appendix D plus the adjustments detailed in paragraph 2.12 of the report.