Issue - meetings

That:

1)        the outturn position of the revenue budget and the level of balances in respect of the General Fund, Housing Revenue Account, Schools’ Block and the Authority’s investment portfolio be noted:

2)        the General Fund carry forward requests of £1,598,670, as set out in Appendix B to the report, be agreed.

The Executive considered a report setting out the outturn position of the revenue budget and the level of balances in respect of the General Fund, Housing Revenue Account, Schools Block and the Authority’s investment portfolio.

Whilst introducing the report the Deputy Executive Member for Finance highlighted the General Fund outturn position which showed an £814k overspend, which was actually £523k lower than the figure reported at the last quarter to the Executive.  The Housing Revenue outturn position was just under budget.  With regard to the Schools’ Block outturn although this was overspent by £453k, which was as a result of high needs pressures, this was also more favourable than reported in January.

Councillor Margetts drew Members’ attention to the budget carry forwards, as set out in Appendix B, which represented planned activities for 2018-19.

Councillor Mirfin queried whether any more detail was available on the demand affecting the adverse variance in People Services.  Councillor Margetts reminded the meeting of the statutory costs that the Council had to bear in terms of social care provision as mentioned earlier in the meeting and the fact that demand was increasing rapidly which was something that was expected to continue. 

RESOLVED that:

1)        the outturn position of the revenue budget and the level of balances in respect of the General Fund, Housing Revenue Account, Schools’ Block and the Authority’s investment portfolio be noted:

2)        the General Fund carry forward requests of £1,598,670, as set out in Appendix B to the report, be agreed.