Issue - meetings

This report highlights the overall financial position of the Council as at May 2015. The report will cover the following topics:

·         Revenue Budget monitoring summary

·         2015/16 Savings

·         Council Tax & NNDR Collection Rates

·         Other debt analysis and collection

·         Capital Programme monitoring summary

that financial position of the Council as at the end of May 2015 be noted.

The report from the Chief Finance Officer highlighted the overall financial position of the Council as at May 2015 including a Revenue Budget monitoring summary, 2015/16 Savings, Council Tax and NNDR Collection Rates, Other debt analysis and collection and Capital Programme monitoring summary. Councillor Pavey (Deputy Leader) considered the report a worthwhile reminder of the council’s financial position, including the current forecast risk the general fund budget being overspent by £2.6m by the year end. Members put forwards proposals to control spending including use of assets to reduce use of temporary accommodation and also noted efforts being made to recruit permanent social workers thereby decreasing the use of agency social workers.  Attention was drawn to the Brent Start forecast overspend attributed to a unexpected reduction in classroom capacity and management information was being reviewed to ensure the final claim was fully accurate (and therefore maximising the grant draw down) and the provision of additional courses that would deliver further qualification outcomes. Council Tax collection was also down on last year and a procedure review was under way to improve processes.

RESOLVED:

that financial position of the Council as at the end of May 2015 be noted.