Agenda item

2019/20 Revenue and Capital Budget Update - Quarter 1

Decision:

Resolved that the revenue and capital budget position for the first quarter of 2019/20 be noted.

Minutes:

(Link to Council Priorities: All)

 

The Portfolio Holder for Resources introduced the report, which advised Members of the first quarter monitoring against the 2019/20 approved budget together with an update on the Revenue and Capital budget position as at 30 June 2019.

 

The Cabinet noted that as at the end of June 2019, the operational revenue position was £2,982 marginally lower than the net operational budget.

 

In this regard, the Portfolio Holder provided an update on the variations worthy of note which included the Planning Portfolio being £172,000 over budget at the end of Quarter 1 which was due to the level of development control income being below the profiled budget and the preparation work in respect of the Local Plan being above the profiled budget.  The Transport Portfolio had been overspent by £90,000 at the end of Quarter 1 which was mainly due to the closure of North Heath car park which was being refurbished and the extension of free Saturday parking.  The Cabinet also noted that income in respect of the Investment Properties was below the profiled budget which was partially due to the loss of income through void properties at Fairmile House and Sandown.

 

During consideration of the report, the Portfolio Holder for Housing commented on the £27,000 overspend on the Housing Portfolio for Quarter 1.  This related to the net expenditure on Bed & Breakfast being £31,000 above budget and the Care & Repair agency being £6,000 below budget.  He reiterated the need for the Council to deliver more temporary accommodation given the amount of spend on Bed & Breakfast accommodation which was mainly located outside of the Borough.

 

Resolved that the revenue and capital budget position for the first quarter of 2019/20 be noted.

Supporting documents: