Issue - meetings

The Chief Finance Officer introduced the report on the Council’s capital and revenue position for the 2013/14 financial year as at 31 July 2013.

The General Fund position showed a projected end of year surplus of £7.0m against the total approved budget of £178.3m, which would result in the General Fund balance increasing to £24.4m.  The Housing Revenue Account (HRA) showed a projected break-even position.

The Chief Finance Officer also referred to a number of proposed amendments, additions and deletions to the Capital Programme and to the proposed introduction of scrap metal licence charges from 1 October 2013 in view of the Council’s new responsibilities under the Scrap Metal Dealers Act 2013.

Cabinet resolved:

(i)  To note the projected outturn position for 2013/14 of the Council’s revenue budget at 31 July 2013, as detailed in paragraphs 2.3 to 2.9 and Appendix A of the report;

(ii)  To note the progress against the 2013/14 savings targets at 31 July 2013, as detailed in paragraph 2.10 and Appendix B of the report;

(iii)  To approve the following charges for Scrap Metal licences, as referred to in paragraph 2.11 of the report;

Three Year Site License

Three Year Collector’s License

(iv)  To note the position of the Housing Revenue Account at 31 July 2013, as detailed in paragraph 2.12 and Appendix C of the report;

(v)  To note the projected outturn position for 2013/14 of the Council’s Capital Programme at 31 July 2013, as detailed in paragraph 2.13 and Appendix D of the report;

(vi)  To approve the reprofiled Capital Programme as detailed in paragraph 2.13 and Appendix D; and

(vii)  To approve the use of £0.288m of the centrally held contingency for essential highways safety works as detailed in paragraph 2.13 (c) of the report.