Issue - meetings

To note the general fund outturn forecast for 2015/16 and forecast net movement in reserves by department, the housing revenue account’s (HRA) forecast outturn for 2015/16 and resulting forecast movement in reserves and the treasury management activity for the first three months of 2015/16.

To also note the continuing pressure on homelessness budgets, and the forecast requirement to draw down reserves of £2.3m, representing a 192% overspend on the current net expenditure base budget and the potential in year reduction of public health grant of £1.6m.

To approve the general fund budget movements that exceed £250,000.

RESOLVED:

1.  That the following be noted:

·  the general fund outturn forecast for 2015/16 and forecast net movement in reserves by department

·  the housing revenue account’s (HRA) forecast outturn for 2015/16 and resulting forecast movement in reserves

·  the treasury management activity for the first three months of 2015/16.

2.  That the continuing pressure on homelessness budgets, and the forecast requirement to draw down reserves of £2.3m, representing a 192% overspend on the current net expenditure base budget be noted.

3.  That the potential in year reduction of Public Health grant of £1.6m, if local cuts are made on a pro rata basis, from the current government consultation on the methodology to be used when cutting the grant be noted.

4.  That the general fund budget movements that exceed £250,000, as shown in Appendix A of the report be approved.