Issue - meetings

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.