Agenda item

Pursuant to Cabinet Minute No.90 the Director of Finance and Resources submitted a report outlining the budget position at the end of the second quarter, covering the General Fund Revenue account, the General Fund Capital account, the Housing Revenue account as well as the Housing Capital Programme.

RESOLVED –

1.   That the financial performance in the first half of the financial year and the new medium term forecast be noted.

2.   That the efficiency plan submitted to the Department for Communities and Local Government be noted.

3.   That the proposed use of reserves, as set out in section 6 of the officer’s report be approved.

4.   That the changes to the Housing Revenue Account budget, as set out in section 8 of the officer’s report be noted.

5.   That the budget preparation guidelines, as set out at paragraph 9.1 of the officer’s report be approved.

6.   That the revised approach to budget consultation, as set out at paragraph 9.3 of the officer’s report be approved.