Decision
Analysis
outcome: The council resolved to note the projected overspend of £440k on the General Fund and £616k on the Housing Revenue Account, and to note the compliance with Prudential Indicators.
summary: The decision is regarding the acknowledgment of projected overspends in the General Fund and Housing Revenue Account, as well as compliance with Prudential Indicators.
topline: The council has decided to acknowledge significant projected overspends in its budget, raising concerns over financial management.
reason_contentious: The issue may be contentious due to the financial implications of overspending, which could affect local services, housing, and taxpayers.
affected_stakeholders: Local taxpayers, service users, housing beneficiaries, council departments, and potentially local government employees.
contentiousness_score: 5
political_party_relevance: There is no direct mention of political parties or political influence in the decision.
URL: https://baberghmidsuffolk.moderngov.co.uk/ieDecisionDetails.aspx?ID=1095
Decision Maker:
Outcome:
Is Key Decision?: No
Is Callable In?: No
Purpose:
Content: It was RESOLVED: - 1.1 That, subject to any further budget variations that arise during the rest of the financial year, the projected overspend on the General Fund of £440k referred to in section 4.2 and Appendix A of the report be noted. 1.2 That, subject to any further budget variations that arise during the rest of the financial year, the projected overspend on the Housing Revenue Account of £616k over budget referred to in section 4.3 and Appendix B of the report be noted. 1.3 That, the Council’s compliance with the Prudential Indicators during quarter two referred to in section 4.4 and Appendix C of the report be noted. REASON FOR DECISION To ensure that Members are kept informed of the financial position for both General Fund Revenue and Capital, Housing Revenue Account and Capital and the Prudential Indicators. Alternative Options Considered and Rejected: The recommended option is set out in the Recommendations. There are no other available options. Any Declarations of Interests Declared: None Any Dispensation Granted: None
Date of Decision: