Issue - meetings

B Report of the Director of Finance and Support

1.      The report and the forecast overspend of £160k on the Net Cost of Services are noted.

2.      Approval is given to the virement of £1m from the Contribution to Earmarked Reserves to the Property Maintenance Service, to support the current level of service being delivered to tenants.

Councillor Palethorpe declined to speak on this item.

Councillor Mildren addressed Cabinet and commended them on achieving targets in rent collection and reducing voids in difficult circumstances.

Councillor Perkins presented the report to Cabinet.  He commented that there was still an over spend showing but this was being worked on and he was confident that with the work that was being done, the budget would be achieved.

RESOLVED

1.      That Cabinet note the report and the forecast overspend of £160k on the Net Cost of Services.

2.      That approval be given to the virement of £1m from the Contribution to Earmarked Reserves to the Property Maintenance Service, to support the current level of service being delivered to tenants.