Issue - meetings

To note the general fund outturn forecast for 2018-19 and associated issues.

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

RESOLVED:

1.  That the following be noted:

·  the general fund outturn forecast for 2018-19 of £0.354m under spend, before application of the Dedicated Schools Grant (DSG) deficit (Table 1 of the report)

·  the continuing pressures on the Dedicated Schools Grant (DSG), £7.0m in 2018-19 (paragraphs 21 to 22 of the report)

·  cost pressures in housing and modernisation, largely relating to temporary accommodation (£3.5m) and No Recourse to Public Funds (£0.6m) (paragraph 25 to 32 of the report)

·  the £4m contingency is utilised in full to mitigate the impact of cost pressures within temporary accommodation and No Recourse to Public Funds (paragraph 40 of the report)

·  the general fund outturn forecast indicates a net increase in reserves of £7.0m (paragraphs 51 to 55 and Table 3 of the report), excluding DSG reserve (paragraphs 21 to 22 of the report), arising principally as a result of the creation of the London Devolution Deal Reserve (paragraphs 56 – 57 of the report)

·  the housing revenue account forecast set out in Table 2 of the report (paragraphs 42 to 50 of the report)

·  the treasury management activity to date in 2018-19 (paragraphs 58 to 60 of the report).

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

3.  That it be noted that allocations from the London Devolution Deal Reserve were presented within the policy and resources budget report 2019-20, considered by cabinet on 22 January 2019.