Issue - meetings

The Cabinet Member for Finance presented a report on the Council’s capital and revenue position for the 2013/14 financial year, as at 30 November 2013.

The General Fund showed a projected end of year surplus of £8.3m against the total approved budget of £178.3m, which exceeded the planned surplus of £5.2m and would result in a projected General Fund balance of £25.8m at the year end.  The Housing Revenue Account (HRA) continued to show a projected break-even position while the Capital Programme showed a projected spend of £137.6m against the total revised budget of £138.2m.

Cabinet resolved:

(i)  To note the projected outturn position for 2013/14 of the Council’s General Fund revenue budget at 30 November 2013, as detailed in paragraphs 2.4 to 2.9 and Appendix A of the report;

(ii)  To note the progress against the 2013/14 savings targets at 30 November 2013, as detailed in paragraph 2.10 and Appendix B of the report;

(iii)  To note the position for the Housing Revenue Account  at 30 November 2013, as detailed in paragraph 2.11 and Appendix C of the report; and

(iv)  To note the projected outturn position for 2013/14 of the Council’s capital budget at 30 November 2013, as detailed in paragraph 2.12 and Appendix D of the report.