Agenda item

Pursuant to Cabinet Minute No. 45 (2017/18) the Director of Finance and Resources submitted a report to provide an update on the budget position at the end of the first quarter including the General Fund Revenue and Capital accounts, and the Housing Revenue Account (HRA). 

RESOLVED – 

1.        That the financial performance in the first quarter of the financial year and the new medium term forecast, as set out in sections 4 and 6 of the report, be noted. 

2.    That the proposed use of reserves, as set out in section 5 of the report, be confirmed. 

3.    That the changes to the Housing Revenue Account budgets, as set out in section 7 of the report, be noted.