Issue - meetings

As detailed in the recommendations.

The Corporate Finance Manager introduced the Revenue Budget Monitoring 2015/16 (Month 10) report which provided details on the latest revenue budget monitoring position for 2015/16 for the Council Fund and the Housing Revenue Account and reported that no specific issues had been raised when considered at the recent Corporate Resources Overview and Scrutiny Committee meeting.  The position was based on actual income and expenditure as at Month 10 and projected to the year-end.  The projected year-end position, as estimated at Month 10 was as follows:

                        Council Fund

·         Net in year expenditure forecast to be £1.110m lower than budget

·         Projected contingency reserve balance at 31 March 2016 of £4.746m

Housing Revenue Account

·         Net in year expenditure forecast to be £0.092m lower than budget

·         Projected closing balance as at 31 March 2016 of £1.329m

The report provided details on the programme of efficiencies, inflation, unearmakred reserves and earmarked reserves.

The report also outlined details on a number of risk areas as follows:

·         Municipal Mutual Insurance (MMI)

·         Recycling

·         Out of County Placements

RESOLVED:

(a)       That the overall report and the projected Council Fund contingency sum as at 31^st March 2016 be noted; and

(b)       That the projected final level of balances on the Housing Revenue Account be noted.