Received a report from the Corporate Director of Resources providing an update on the Council’s revenue and capital position for the period April to July of the 2008/09 financial year.
The position for revenue expenditure indicates that current budget pressures exist across four departments amounting to £6.7million. Overall this reflects a £700k reduction from the position reported in June.
However the largest pressure continues to remain within the Children’s Services department where significant budget pressures continue to arise from Looked after Children Placements and in meeting the Councils’ Leaving Care responsibilities.
Agreed, in order to assist the Council to achieve all of its Community Priorities and as a matter of good financial practise, to
(i) note the current position of the Council’s revenue and capital budget as at 31st July 2008 (Appendix A and C, Sections 3 and 5 of the report)
(ii) note the position and projected out-turn for the Housing Revenue Account (Appendix B and Section 4 of the report)
(iii) note that where pressures exist Directors are required to identify and implement the necessary action plans to alleviate these budget pressures to ensure that the necessary balanced budget for the Council is achieved by year end (section 3 of the report)