Issue - meetings

A report providing information on financial monitoring on general fund revenue, Housing Revenue Account (HRA) and Capital Plan, as at Quarter 3 (month 9), 2017-18

Ward: N/A

Officer: Eamonn Croston, Head of Finance & Accountancy and James Anderson, Senior Finance Manager Accountancy, Tel: 01484 221000

1) That the use of additional Better Care Funding monies in 2017-2018, as set out in the considered, be noted.

2) That the Quarter 3 forecast £3.3m revenue monitoring underspend.

3) That the forecast reduction in general fund reserves in-year at £24.3m and year end position at £65.8m.

4) That the overall favourable in-year financial performance on the Collection Fund be noted.

5) That the Quarter 3 forecast HRA surplus at £411k and forecast reserves position at year end at £55.4m be noted.

6) That approval be given to the transfer of Revenue contributions to Capital (RCCOs) totalling £125k, in accordance with Financial Procedure Rules 3.10 – 3.12. 

7) That the additional Homelessness Reduction Act: New Burdens Funding of £92k in 2017/18, £85k in 2018/19 and £105k in 2019/20 be noted.