DECISION

1.    To note the Council’s forecast outturn position against Revenue and HRA budgets agreed for 2017-18, based on information as at the end of September as detailed in Sections 3-7 of the report.

2.    To note the summary savings position.

3.    To endorse management action to achieve savings.

4.    To note the position on the Mayoral Priority Budget

Action by:

CORPORATE DIRECTOR, RESOURCES (Z. COOKE)

(Chief Accountant (K. Miles)

Councillor David Edgar, Cabinet Member for Resources, introduced the report on the Council’s financial position up to the end of September 2017. He noted the projected underspend on the General Fund and on the Housing Revenue Account. He also noted that there were a number of uses of the reserves that had been planned and how officers were working to tackle identified overspends. The Outturns that were projected were good.

For future reports he suggested it was worth expanding information about how the council dealt with planning for inflation.

During discussion it was agreed that more information would be useful about persistent underspends, especially where that could indicate that residents were unaware of certain services.

The Mayor agreed the recommendations as set out.

RESOLVED

1.    To note the Council’s forecast outturn position against Revenue and HRA budgets agreed for 2017-18, based on information as at the end of September as detailed in Sections 3-7 of the report.

2.    To note the summary savings position.

3.    To endorse management action to achieve savings.

4.    To note the position on the Mayoral Priority Budget.