The Corporate Director
submitted a report to provide information on actual expenditure and income
incurred on this Committee’s services compared to the latest approved budget
for the period 1st April 2017 to 30th June 2017.
The Corporate Director explained that the budgets which are
high risk are subject to more scrutiny on a monthly basis and the position on these budgets to the end of July are attached at
Appendix B. The overall predicted position at the year-end on the end of July
key services monitoring is an overall underspend of £46k. The key variances for
this committees services are set out in paragraph 3.8
of the report.
A Member questioned the loss due to the Council having to
reduced rents which had reduced social security costs to the
Government. The Corporate Director explained that the figure is estimated to be
around £35m over the life of the business plan which is money that could have
been spent improving homes.
A Member explained that a review is required to be carried
out around the long term effect of not improving homes and that when the
backlog of repairs will peak. A Member said that if the Council is clever then
the planned maintenance programme will look expensive in the short term but
will save money long term. It was stated that it is 3 years until the rent can
be increased.
All recommendations were moved by Councillor Orson and
Councillor Higgins seconded.
All Members were unanimously in favour.
RESOLVED that the financial position on each of this Committee’s services to 30th June 2017 be noted along with the year end forecast.