Decision details

This report provides the Executive with details of the actual revenue expenditure for 2014/15 for the General Fund and Housing Revenue and Repairs accounts and seeks approval for the completion, in 2015/16, of the 2014/15 expenditure programmes set out in the briefing paper contained in the report.

The General Fund actual revenue expenditure for 2014/15 totals £8,882,125 which represents an overall saving of £633,974 when compared to the revised budget.

However, it has not been possible to complete a number of expenditure programmes in 2014/15 and approval is sought to complete these programmes totalling £355,300 during 2015/16.

When the use of the saving in 2014/15 to complete these programmes is taken into account, along with minor financing adjustments, the net saving for the year is reduced to £309,356.

The final figures for 2014/15 show that, overall, the actual surplus on the Housing Revenue Account and Housing Repairs Account is £24,000 compared to a forecast deficit of £209,000. If the requested carry forward is agreed then the surplus will reduce to £19,000.

RESOLVED that:

(a)     completion of the General Fund expenditure programmes contained in this report be approved, subject to the amount for Community Grants being increased from £28,000 to £90,000;

(b)     the balance on the Housing Revenue and Repairs Accounts as at 31 March 2015 be carried over to 2015/16;

(c)     the following budget be carried forward:

i.   £5,000 HRA – Consultants; and

(d)     the report be noted.