The report of the Chief Finance was submitted advising Members of the overall projected financial position of the Housing Revenue Account (HRA) and General Fund Revenue Budgets for the 2017/18 financial year after six months.
The Chief Finance Officer advised that General Fund had an underspend of £1,456 and the HRA had an underspend of £3,416,126. The reason for the underspend on the HRA was due to capital schemes not yet being undertaken.
Corporate Services Scrutiny Committee considered the report at its meeting on 23 November 2017 and its comments were reported.
RECOMMENDED that Council notes and approves the:-
(1) General Fund forecast financial position for the 2017/18 financial year;
(2) HRA forecast financial position for 2017/18 financial year;
(3) outstanding Sundry Debt position as at September 2017; and
(4) creditors’ payments performance.