To consider a report of the Executive Member for Corporate Services and Chief Finance Officer.

The Executive Member for Corporate Resources and the Chief Finance Officer submitted a report which informed Members of the current 2017/18 forecast outturn figures relating to both Revenue and Capital budgets. It also summarised the latest forecast position for Council Tax and Business Rates within the Collection Fund. An opportunity was provided for Members to raise questions on the report’s content. These centred on the analysis of vacancies, restructures and underspends within Children’s Services and the allocation of additional Highways funding (on which responses would be provided outside the meeting), and on measures to support Dedicated Schools Grant expenditure.

            RESOLVED –

(1)       That the forecast revenue budget underspend of £941k be noted.

(2)       That the one-off receipt relating to the 2016/17 Business Rate Growth Pilot of £1.3m be noted, which will be transferred to a new earmarked reserve to mitigate future business rates related risks.

(3)       That the changes to the Capital Programme as detailed in paragraph 17 of the report, be noted.