Issue - meetings

That:

1)            the quarter three 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 estimated general fund budget carry forwards of £575k identified at this stage be noted;

3)            the updates on adult social services’ and children services’ action plans be noted;

4)            a supplementary estimate of £100k in 18/19 for “Optalis IT business case feasibility study” be approved;

5)            a supplementary estimate of £200k in 18/19 for “HRA void costs” be approved.

The Executive considered a report setting out the revenue monitoring position as at the end of December 2018.

The Executive Member for Finance provided an overview of the report and was pleased to report that the Adult Social Care overspend, which was previously reported at £1.5m, was now predicted to be £500k.  Councillor Pollock highlighted the pressures on Children’s Services, home to school transport and planning appeal budgets which were currently under review and processes were being put into place to try and reduce the predicted overspends.

RESOLVED that:

1)            the quarter three 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 estimated general fund budget carry forwards of £575k identified at this stage be noted;

3)            the updates on Adult Social Services’ and Children Services’ action plans be noted;

4)            a supplementary estimate of £100k in 18/19 for “Optalis IT business case feasibility study” be approved;

5)            a supplementary estimate of £200k in 18/19 for “HRA void costs” be approved.