Agenda item

To provide an overview of the budget, including the achievement of approved savings as at the end of Quarter 2, 2011/12.

(Report attached)

The Committee considered an overview of the General Fund budget situation, including the achievement of approved savings for the second quarter of 2011/12.  Explanations were provided for variances in the budget for the second quarter.

The over-ambitious income projection targets for the Pitcheroak Golf Course were noted.  Officers reported that good work continued to be carried out by the Hereford and Worcestershire Golf Partnership to increase use of the course.

Officers reported that projected loss on car parking income was the subject of ongoing work.

RESOLVED that

1)         the current financial position on Revenue and Capital be noted; and

RECOMMENDED that

2)         re-allocation of £40,000 of Regional Housing Pot grant currently allocated to Interim Management Order to Houses in Multiple Occupation (HMO) Grants be approved.