Issue - meetings

The Head of Central Services and the Head of Communities and Neighbourhoods to submit a joint report to provide Members with information on the provisional year end position for 2016-17.

The Head of Central Services and Head of Communities and Neighbourhoods submitted as joint report to provide members with information on the provisional year end position for 2016-17, which is subject to external audit certification and the implications for the working balance on the HRA.

The Central Services Manger gave an over view of the report brining Member attention to:

·         Appendix A which compares the provisional year end position for 2016-17 to the original estimate set in January 2016 and the approved estimate. Noting the comments re: Variations against approved estimate.

·         3.2 Noting the provisional year end position shows an actual deficit of income over expenditure of £273,468 (line 47); an underspend of £194,513 against the approved budgeted deficit of £467,980 (line 47) and a resulting working balance of £1,186,019.

A brief discussion took place regarding the noting that the report was very clear and positive.

The Chair sought a proposer and seconder to move the recommendation. All Members were in favour.

RESOLVED that Members took note of the variations to the 2016-17 original estimates and the latest approved estimates as set out in the attached paper and the effect on the working balance.