Issue - meetings

To receive a report of the Director of Finance Assets and Resources presenting a financial update in respect of the income and expenditure so far in the year.

The Group had before it, and NOTED, a report * from the Director of Finance, Assets & Resources presenting a financial update in respect of the income and expenditure so far in the year.

Key highlights within the report included the following:

·         The forecast General Fund deficit for the current year was £52k with the main movements relating to Non Domestic Rates 2015/16 Devon pooling gain, Developmental Control staff vacancies and the Discretionary Housing payment funding being greater than budgeted.

·         There was a forecasted underspend in the Housing Revenue Account which could increase what could be spent on the housing maintenance fund as several projects were planned in the next few years.

Discussion took place regarding:

·         ‘Tenant Charges for Services’ as listed in Appendix E related to the previous warden service including the learning disability warden service.

·         Alarm expenditure was showing a saving of £61k as the Council was not planning to purchase as many alarms as budgeted for since many of the current ones continued to be fit for purpose. 

·         The need for boiler repairs at Tiverton Town Hall.

·         There was now only one vacant unit at Market Walk.

Note: * Report previously circulated; copy attached to the signed minutes.