Issue - meetings

Report of the Corporate Director (Resources, Environment and Cultural Services) presenting the forecast revenue account position at Quarter 3 of 2019/20.

(1)     The revenue forecast outturn position as at Quarter 3 was noted.

(2)     Virements were approved.

(3)     The position on debts was noted.

Report of the Corporate Director (Resources, Environment and Cultural Services) presenting the forecast revenue account position at Quarter 3 of 2019/20.

There was an adverse variance on the General Fund net cost of services of £1.051M.

£1.508M related to one off expenditure such as the triennial pensions valuation approved in January 2019 minus £0.457M relating to efficiencies already factored into the 2020/21 baseline budget. After movements to earmarked reserves, the General Fund outturn position was a £0.145M drawdown from the working balance.

The forecast closing balance on the Housing Revenue Account was £2.638M, an adverse movement of £0.150M from the current budget.

Outstanding debts as at the end of Quarter 3 totalled £1.780M with rolling debtor days standing at 40.76.

RESOLVED:

(1)     That the revenue forecast outturn position as at Quarter 3 be noted.

(2)     That the virements detailed in section 3.6 of the report be approved.

(3)     That the position on debts set out in section 7 of the report be noted.