Issue - meetings

(Copy herewith)

The Chief Finance Officer submitted a report and noted that the 2017/18 Financial Monitoring report would be presented to Cabinet on the 17^th January 2018 and showed underspend on the Housing Revenue Account (HRA) and the General Fund. It was explained that there was a forecast overspend from the Head of Housing and Wellbeing which in part was due to a sharp rise in the number of homelessness application and the subsequent increase in the use of temporary accommodation and the added pressure of this would continue to rise.

In response to questions asked, the Chief Finance Officer explained that there was a need to ensure the C0uncil had balanced financial positions. It was noted that there had been a decrease in the number of homeless people being housed in Bed & Breakfast accommodation as a number of them had been moved into more inexpensive accommodation and more people were being processed quicker. It was explained that the Homelessness Flexible Support Grant went some way to cover the costs but that it would only be available for 2018/19.

RESOLVED:

That the report be noted.