Issue - meetings

1.  That it be noted that, as a result of proactive financial management across the Council, all services have completed recovery plans which have identified efficiencies and mitigating actions to recover part of the overspend that was forecast as at quarter one of 2017-2018. The overall projected outturn for the General Fund for 2017-2018 is now forecast to be an overspend in the region of £1.0 million.

2. That it be noted that projected redundancy costs, including the cost of pension strain, totalling £2.9 million are included in the forecast outturn. The projected costs are subject to change dependent upon the actual redundancies approved by year end. It is anticipated that Capital Receipts flexibility announced by the Secretary of State, will offset the cost of redundancies.

3. That it be noted that 575 council tax accounts totalling £256,683.42, as detailed in paragraph 8.4.1 of the report, have been approved by for write off by Director of Finance in accordance with the Council’s Financial Procedure Rules.

4. That it be noted that 50 Non-Domestic Rates (NDR) debts totalling £157,549.98, as detailed in paragraph 8.4.2 of the report, have been approved by for write off by Director of Finance in accordance with the Council’s Financial Procedure Rules.

5. That it be noted that 156 sundry debt accounts totalling £151,758.48, as detailed in paragraph 8.3 of the report, have been approved by for write off by Director of Finance in accordance with the Council’s Financial Procedure Rules.

6. That it be noted that 43 housing benefit overpayments totalling £6,321.11, as detailed in paragraph 8.7 of the report, have been approved for write off by the Director of Finance in accordance with the Council’s Financial Procedure Rules.

7. That it be noted that a £17.0 million surplus on the Housing Revenue Account (HRA) is projected compared with a budgeted surplus of £16.8 million as shown at Table 10 of the report and in detail at Appendix I to the report. The projected increased surplus of £177,000 will be used to redeem debt in line with the HRA Business Plan.

1. That the use of £1.2 million from the Regeneration Reserve be approved to fund various development works and schemes as detailed at paragraph 5.2.2 of the report.

2. That the repayment of pump priming allocation totalling £485,000 back into the

Regeneration Reserve which was previously drawn down for the Housing Development Company be approved as detailed at paragraph 5.2.2.

3. That the use of £406,000 from the Transformation Reserve to fund various

development works and schemes be approved as detailed at paragraph 5.2.3 of the report, in the event that capital receipts are not available in-year to support transformation.

4. That the use of £320,000 from the Budget Contingency Reserve to cover expert and barrister costs incurred as a result of Storm Doris inquest and back filling of three Environmental Health Officer posts be approved as detailed at paragraph 5.2.4 of the report. There is the potential for recovery of all or part of  ...  view the full decision text for item 7

Councillor Andrew Johnson presented the Revenue Budget Monitoring Quarter Two 2017 – 2018 for approval. The report provided a projection of the likely revenue outturn position for the General Fund and Housing Revenue Accounts, compared with the Council’s approved revenue budgets for 2017-2018.

Resolved:

1.  That it be noted that, as a result of proactive financial management across the Council, all services have completed recovery plans which have identified efficiencies and mitigating actions to recover part of the overspend that was forecast as at quarter one of 2017-2018. The overall projected outturn for the General Fund for 2017-2018 is now forecast to be an overspend in the region of £1.0 million.

2. That it be noted that projected redundancy costs, including the cost of pension strain, totalling £2.9 million were included in the forecast outturn. The projected costs were subject to change dependent upon the actual redundancies approved by year end. It is anticipated that Capital Receipts flexibility announced by the Secretary of State, would offset the cost of redundancies.

3. That it be noted that 575 council tax accounts totalling £256,683.42, as detailed in paragraph 8.4.1 of the report, have been approved by for write off by Director of Finance in accordance with the Council’s Financial Procedure Rules.

4. That it be noted that 50 Non-Domestic Rates (NDR) debts totalling £157,549.98, as detailed in paragraph 8.4.2 of the report, have been approved by for write off by Director of Finance in accordance with the Council’s Financial Procedure Rules.

5. That it be noted that 156 sundry debt accounts totalling £151,758.48, as detailed in paragraph 8.3 of the report, have been approved by for write off by Director of Finance in accordance with the Council’s Financial Procedure Rules.

6. That it be noted that 43 housing benefit overpayments totalling £6,321.11, as detailed in paragraph 8.7 of the report, have been approved for write off by the Director of Finance in accordance with the Council’s Financial Procedure Rules.

7. That it be noted that a £17.0 million surplus on the Housing Revenue Account (HRA) is projected compared with a budgeted surplus of £16.8 million as shown at Table 10 of the report and in detail at Appendix I to the report. The projected increased surplus of £177,000 would be used to redeem debt in line with the HRA Business Plan.

1. That the use of £1.2 million from the Regeneration Reserve be approved to fund various development works and schemes as detailed at paragraph 5.2.2 of the report.

2. That the repayment of pump priming allocation totalling £485,000 back into the

Regeneration Reserve which was previously drawn down for the Housing Development Company be approved as detailed at paragraph 5.2.2.

3. That the use of £406,000 from the Transformation Reserve to fund various

development works and schemes be approved as detailed at paragraph 5.2.3 of the report, in the event that capital receipts were not available in-year to support transformation.

4. That the use of £320,000 from the Budget Contingency Reserve  ...  view the full minutes text for item 7