Agenda item

Revenue Budget Monitoring 2013/14 (Month 9)

Decision:

As detailed in the recommendations.

Minutes:

The Corporate Finance Manger provided the most up to date revenue budget monitoring information (Month 9) for the Council Fund and the Housing Revenue Account in 2013/14.

 

The projected year end position on the Council Fund, as estimated at Month 9 was:

 

·        Net in year expenditure forecast to be £1.981m less than budget (an increase of £0.913m on the £1.068m reported at Month 8)

·        Projected contingency reserve balance at 31 March 2014 of £4.6m

 

The projected year end position on the HRA, as estimated at Month 9 was:

 

·        Net in year expenditure forecast to be £0.156m less than budget (£0.212m as at Month 8)

·        Projected HRA balances at 31 March 2014 of £1.589m

 

The report also provided details on a specific request for carrying forward funding, progress on the programme of efficiencies and the latest position on inflation allocations.

 

RESOLVED:

 

(a)       That the report be noted;

 

(b)       That the projected Council Fund contingency sum as at 31 March 2014 be noted;

 

(c)        That the carry forward request be approved; and

 

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

Supporting documents: