Issue - meetings

Report of the Deputy Chief Executive (Corporate Direction) informing Council of the draft financial outturn for 2014/15.

Council received the draft financial outturn for 2014/15. During discussion it was noted that there were challenging times ahead due to cuts in Government and County Council funding. It was moved by Councillor Surtees, seconded by Councillor Camamile and

RESOLVED –

(i)            the draft General Fund Outturn for 2014/15 be endorsed;

(ii)           the transfer to earmarked reserves outlined in the report be approved;

(iii)          the revenue carry forwards of expenditure and income to 2015/16 be approved;

(iv)         the draft Housing Revenue and Housing Repairs Account outturn for 2014/15 and transfers to/from balances be approved;

(v)          the draft General Capital Programme outturn for the General Fund and Housing Revenue Account for 2014/15 be endorsed;

(vi)         the capital schemes and funding be approved for inclusion in the 2015/16 Capital Programme;

(vii)        the draft Capital Programme outturn for the General Fund and Housing Revenue Account for 2014/15 be endorsed;

(viii)       the capital carry forwards to 2015/16 be approved;

(ix)         the outturn for the Leicestershire Revenues and Benefits Partnership for 2014/15 be noted.

Report of the Deputy Chief Executive (Corporate Direction).

The committee was presented with the 2014/15 revenue and capital outturn. It was explained that there would be a shortfall if the new homes bonus was withdrawn.

In response to a member’s question, it was explained that Section 106 monies in relation to one of the large developments had not come forward as the trigger point had not been reached. Members were reassured that the delay would not create a risk of the money being clawed back as the period for draw down wouldn’t commence until receipt of the money.

A member thanked officers for their work on the Rock Gardens.

Discussion ensued regarding the Hinckley Community Initiative Fund and it was agreed that the matter, including possible roll-over of the funds, would be considered at the next meeting when discussing the fund for the following year.

RESOLVED –

(i)            The draft outturn for 2014/15 for the Hinckley area be noted;

(ii)           The capital carry forwards of £81,978 as outlined in appendix 2 to the report, be supported.

Report of the Deputy Chief Executive (Corporate Direction).

The Committee was informed of the revenue and capital outturn at the end of the second quarter of 2014/15. Members were reminded of the decision by Council to move £350,000 of the forecast £500,000 general fund underspend to the waste management reserve.

RESOLVED – the report be noted.