Issue - meetings

To consider the report of the Cabinet Member for Performance and Resources seeking Members to note year-end forecasts, and progress made against agreed savings targets for the 3rd quarter ended 31^st December 2017.

RESOLVED it is noted that:

(1)                  the savings achieved in year to date total £1.844 million with a further £331k in progress.

(2)                  the forecast year end position is currently for a reduction to the Council’s General Fund balance of £38k.

(3)                  the details of specific budgetary issues identified by officers and the actions being taken to address those issues

(4)                  the current level of Capital expenditure as shown on Appendix 2.

Cabinet considered the report of the Cabinet Member for Performance and Resources that informed Members of year-end forecasts, and progress made against agreed savings targets for the third quarter of 2017-18.

The Cabinet Member for Environment noted good performance in his portfolio but advised Members that new standards for the acceptance of material for recycling recently introduced by China may have a negative impact in future.  He explained that although the Council only sells material for recycling that it collects to British companies, it is an international market and prices paid may reduce.  He emphasised the importance of encouraging residents to sort their recycling materials before collection, as the better it is sorted the higher the price it commands helping to keep Council Tax low.

The Cabinet Members for Housing and Planning and for Communities and Neighbourhoods thanked officers for their close monitoring of changing circumstances and commented that this must continue.

RESOLVED it is noted that:

(1)                  the savings achieved in year to date total £1.844 million with a further £331k in progress.

(2)                  the forecast year end position is currently for a reduction to the Council’s General Fund balance of £38k.

(3)                  the details of specific budgetary issues identified by officers and the actions being taken to address those issues

(4)                  the current level of Capital expenditure as shown on Appendix 2.