Decision

The council has decided to acknowledge a projected surplus in the General Fund and address an overspend in the Housing Revenue Account, with implications for local stakeholders.

Analysis

outcome: The council resolved to note the projected surplus, overspend, and underspend in their respective accounts and the compliance with Prudential Indicators.

summary: The decision involves the financial management of the council, including the acknowledgment of a projected surplus in the General Fund, an overspend in the Housing Revenue Account, and an underspend in the capital program.

topline: The council has decided to acknowledge a projected surplus in the General Fund and address an overspend in the Housing Revenue Account, with implications for local stakeholders.

reason_contentious: The issue may be contentious due to the financial implications for local services, housing, and capital projects, which can affect community resources and priorities.

affected_stakeholders: Local taxpayers, council service users, housing tenants, and parties involved in capital projects.

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=1100

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 surplus on the General Fund of £2.36m 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 £3.364m and the underspend on the capital programme of £23.248m 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: