The report sets out the financial position for 2016/17 as at the end of September 2016.

1.      That the Revenue forecast position to achieve a balanced budget with a contribution to HRA Reserves of £6.075M, thus strengthening the Council’s ability to invest and improve its stock of Council Houses, be noted.

2.      That the Capital forecast position which indicates a net outturn of £11.620M, against a budget of £15.589M be noted.  It is proposed that £2.184M of future investment works are deferred to 2017/18.

3.      To approve the virement of £1.2M of the budget allocated to the Croft Green project in 2016/17 to enable the purchase of further properties throughout the Council area, in order to avoid temporary accommodation costs.

4.      That RtB sales be monitored for the possible impact on predicted surpluses in the medium to longer term.