Agenda item

To receive a report of the Deputy Chief Executive (S151) presenting a financial update in respect of the income and expenditure so far in the year.

The Cabinet had before it and NOTED a * report of the Deputy Chief Executive (S151) presenting a financial update in respect of the income and expenditure to date.

The Cabinet Member for Finance outlined the contents of the report stating that the proposed deficit for the current year had now been reduced to £65k, largely as a result of the Business Rates Retention Scheme and savings made within Revenues and Benefits; the under recovery of income within the Planning Service was still an issue.  The HRA was forecasted to have an underspend of £58k and there was some slippage within the Capital Programme.

Note:  *Report previously circulated, copy attached to minutes.