Decision - Targeted Budget Management (TBM) 2011/12 Month 7

To update members on the Capital and Revenue financial performance of the Authority's General Fund Housing Revenue Account at month 7.

136.1    Councillor J. Kitcat introduced the report and stated that the position at month 7 was good with an underspend of £292k being forecast.  He noted that this was out-performing the position of similar years and thanked officers for their work.

136.2    Councillor Mitchell noted the improved position and also offered her congratulations to officers; however she also noted that there were still significant pressures in the Children & Young People’s budget i.e. children in care and the need for additional school places and delays in lift works.

136.3    The Chair accepted that the figures for children in care were unusually high and stated that it was hoped to bring together a specialist team covering all agencies who could then work with families to seek to address their difficulties.

136.4    Councillor Wakefield accepted that there had been some delays under the HRA with regard to the improvements to lifts in council blocks but it was hoped that matters could now progress more speedily.

136.5    Councillor A. Norman referred to appendix 1 to the report and queried the level of over spend in relation to risk management.

136.6    Councillor J. Kitcat stated that the situation was being reviewed and further work was being done in regard to the central budgets.

136.7    The Chair noted the comments and put the recommendations to the vote.

136.8    RESOLVED:

(1)         That the provisional outturn position for the General Fund with an underspend of £0.292m be noted;

(2)         That the forecast outturn for the Section 75 Partnerships and Housing Revenue Account (HRA) for 2011/12 be noted;

(3)         That the provisional outturn position on the Capital Programme be noted; and

(4)         That a change to the Capital Programme in relation to the new schemes, variations and slippage as set out in Appendices 1 and 2 to the report be approved.