Councillor Rowan Ree introduced the report looking at the spending against budget over the previous financial year. The General Fund was in a good position and progress was being made to reduce deficits. Pressures on the Housing Revenue Account (HRA) were being currently addressed.
AGREED UNANIMOUSLY BY THE CABINET MEMBERS:
1. To note the General Fund underspend of £6.7m.
2. To note that the draw down from the Housing Revenue Account general balance of £2.0m which was £2.4m less than budgeted.
3. To note the in-year reduction in the Dedicated Schools Grant High Needs Block cumulative overspend of £4.9m and remaining cumulative deficit of £11.8m.