Issue - meetings

Councillor Max Schmid echoed the Leader’s comments of praise on the strong financial leadership of Emily Hill, the Director of Finance, and the entire leadership team by keeping the Council under budget in very difficult times. This report showed an underspend for the year when many other councils were showing overspends.

The Leader stated that he was very proud of the fact that the Council had removed record amounts of wasteful spending to be able to offer the best value for money. He was grateful also to Kim Smith, the Chief Executive, for this achievement.

AGREED UNANIMOUSLY BY THE CABINET MEMBERS PRESENT:

1.     To note the General Fund forecast underspend of £2.768m.

2.     To note that the forecast draw down from the Housing Revenue Account general balance will be £0.983m less than budgeted.

3.     To note the in-year High Needs Block Dedicated Schools Grant overspend of £2.173m.

4.     To approve the virements of £1.565m as detailed in Appendix 9.