Issue - meetings

(Copy herewith)

2.1            Cabinet noted the contents of the report and noted that future reports will set out the actions being taken by Corporate Management Board (CMB) to address issues arising.

2.2            Cabinet noted the amendments to the capital programme as set out at paragraph 3.5.1.

2.3            Cabinet approved the draft Medium Term Financial Strategy as set out at appendix 1, and adopted the strategic principles therein.

In the absence of Councillor Eldred, the Chief Finance Officer outlined the report and noted that the forecast overspend for the general fund revenue budget was £0.743m, which was a slight improvement from the previous figure of £0.768m.  Pressure had resulted from the Government’s change to DWP guidance, a reduction in the value of recycling, and higher cost of temporary accommodation.  He stated that front line services would not be compromised and any underfunding would be met from reserves.

Councillor B Markham considered that the report would have been more helpful in tabular rather than narrative form.  Councillor Stone agreed and also expressed concern at underspending on staff costs.  The Chief Finance Officer pointed out that this was not intended to be a cost saving measure and there was active recruitment to vacant posts.  Councillor Stone queried how benefits overpayments occurred.  The Chief Finance Officer explained that although benefits payments were regularly reviewed, overpayments could occur, for example, if there was a delay in advising of changed circumstances.  In response to a query about the HRA, the Chief Finance Officer pointed out that the funds were available so that houses could be purchased if the opportunity arose.

The Chief Finance Officer stated that there could be costs associated with changing the format of the report.  The Leader advised that the options would be considered and reported back.

RESOLVED:

2.1            Cabinet noted the contents of the report and noted that future reports will set out the actions being taken by Corporate Management Board (CMB) to address issues arising.

2.2            Cabinet noted the amendments to the capital programme as set out at paragraph 3.5.1.

2.3            Cabinet approved the draft Medium Term Financial Strategy as set out at appendix 1, and adopted the strategic principles therein.