Issue - meetings

To consider the report of the Director of Resources on the financial health of the authority after nine months of the financial year.

The Director of Resources submitted a report setting out the Council’s financial health position for 2008/09 after nine months of the financial year, in respect of the revenue expenditure and income to date compared to the approved budget, the projected year end position and proposed actions to work towards achieving a balanced budget by the year end.  In addition, the report also highlighted the position regarding other key financial indicators including the Housing Revenue Account.

RESOLVED –

(i)  That the projected financial position of the authority after nine months of the financial year be noted;

(ii)  That the release of £1,450,000 earmarked for the Affordable Housing scheme and the purchase of 10 HRA properties within the EASEL regeneration area be approved.