Decision details

(Minute 121)

The report of the Assistant Director Finance was submitted informing Executive of the overall projected financial position of the General Fund Revenue Budget and Housing Revenue Account after six months, for the 2012/13 financial year.

Members were informed that the revised overspend of £177,000 in the Scrutiny Committee – Community budget would be offset by underspends elsewhere. An anticipated overspend of £109,500 resulted from increased waste disposal costs and the delayed implementation of the revised garden waste collection procedures. The anticipated overspend of £115,000 within the Museums Service related partially to higher than anticipated utility costs necessary to maintain the specialist environment.  Discussions were continuing with the Valuation Office about the higher than anticipated level of Non-domestic rates which also contributed to the forecast overspend.  

Members were informed that the 76% increase in the income from planning fees resulted largely from the high volume of house-building applications, possibly due to developers pre-empting Community Infrastructure Levy. The workload would be closely monitored to address any resulting resourcing issues and ensure the high quality of the service was maintained.  It was noted that significant positive feedback had been received in response to the systems review of the service.  

Executive recommended to Council to approve:

(1)     the General Fund forecast financial position for the 2012/13 financial year;

(2)     the HRA forecast financial position for 2012/13 financial year;

(3)     the outstanding Sundry Debt position as at June 2012; and

(4)     the creditors’ payments performance.