Issue - meetings

Report of the Director of Finance and Support

Cabinet noted the report and the forecast overspend of £1,051k on the Net Cost of Services.

Councillor Perkins submitted a report that set out the projected outturn position for the current financial year for the Housing Revenue Account.  He noted a possible overspend of £1m in respect of Housing Repairs and also that action was being taken.

The Director of Housing commented that this budget was demand led and the projected overspend reflected increased demand from the service.  A further report as part of the HRA Monitoring would be made if the overspend could not be resolved.  She also noted that tenants may have to be consulted if changes were made.  The Director of Finance and Support noted that expenditure could go up in situations where service provision improved.  She noted that the allocation of money to capital and revenue was being carefully examined so that expenditure would be capitalised wherever possible.  This would improve the budgetary situation.

RESOLVED:         That the report and forecast overspend of £1,051,000 on the nett cost of services be noted.