Issue - meetings

Received a report providing an update on the Council’s revenue and capital position from the beginning of April to the end of November 2004.

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

1.  Note the current position of the Council’s revenue and capital budget;

2.  Note that the Director of Education, Arts and Libraries and the Director of Corporate Strategy continue to review their budgets to ensure where possible a balanced position;

3.  Note that as part of the budget setting process for 2005 / 2006 consideration will be made for the Social Services current underspend position of £1.5 million and the earmarking of relevant resources for e-priority outcomes expected of the Council; and

4.  Note the position and projected out-turn for the Housing Revenue Account.