Agenda item

As detailed in the recommendations.

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.