Issue - meetings

1.            To note the General Fund forecast overspend of £4.666m.

2.            To note that the forecast draw down from the Housing Revenue Account general balance will be £5.216m. This is £1.166m more than budgeted.

3.            To note the in-year Dedicated Schools Grant High Needs Block forecasted surplus of (£0.599m), reducing the cumulative deficit.

4.            To approve General Fund virements totalling £1.852m as detailed in appendix 10.

Councillor Rowan Ree introduced the report which described the revenue expenditure forecast for July. The monitoring reports ensured that the Council was being ruthlessly financially efficient in spending their capital within agreed budgets.

AGREED UNANIMOUSLY BY THE CABINET MEMBERS:

1.            To note the General Fund forecast overspend of £4.666m.

2.            To note that the forecast draw down from the Housing Revenue Account general balance will be £5.216m. This is £1.166m more than budgeted.

3.            To note the in-year Dedicated Schools Grant High Needs Block forecasted surplus of (£0.599m), reducing the cumulative deficit.

4.            To approve General Fund virements totalling £1.852m as detailed in appendix 10.