13 Quarter 1 Budget Monitoring PDF 732 KB
[Report of the Director of Finance. To be introduced by the Cabinet Member for Finance and Strategic Regeneration.]
This budget monitoring report covers the position at Quarter 1 (Period 3) of the 2019/20 financial year including General Fund (GF) Revenue, Capital, Housing Revenue Account (HRA) and Dedicated Schools Grant (DSG) budgets.
Additional documents:
Minutes:
The Cabinet Member for Finance and Strategic Regeneration introduced the report, which set out the Council’s Finance position at quarter 1 of this financial year. This included information on the balances of the General Fund, Capital budget, Housing Revenue Account and Dedicated Schools grant budgets.
The Cabinet Member was pleased to report an improved budgetary position at quarter one, compared to the same period in 2018/19. He highlighted the positive impact of budget management strategies agreed by the Cabinet previously, which were having the intended impact. The Live budgeting agenda was also referred to which explored working more agilely as an organisation and enabling the Council to take advantage of opportunities that arise, helping to manage issues outside of the control of the Council.
The Cabinet Member referred to section 6 of the report which outlined the overspend/ underspend in Council departments and advised that he and senior finance officers were having monthly meeting with Cabinet Member Adults and Health and Director of Adults and Health to monitor and discuss reductions in the overspend. Similar meetings would be held with the respective officers and Cabinet Members for Children’s and Highways.
In response to questions from the Leader of the Council, Cllr Brabazon and Councillor Morris, the following information was noted.
· There was a weekly monitoring of the green waste budget to consider how to bring this in line with budget projections. Consideration was being to the income target as well as a review of the bulky waste collection and green waste collections. The service were looking at what actions other boroughs were taking forward and exploring changes in resident behaviour on recycling and fly tipping. This would culminate in a review being considered at Cabinet by the end of the year.
RESOLVED