Issue - meetings

Benefits Reserve, Provision and Budget - review following completion of the annual audit of the benefits subsidy claim

Meeting: 05/02/2009 - Cabinet (Item 370)

Housing Benefit Provision, Reserve and Budget

Minutes:

Members were updated on the latest position regarding the amounts held in the Housing Benefit provision and reserve and the Director of Finance recommended the release of £3.3 million to the General Fund Balance.  His report also recommended changes to the Benefits budget.

 

Resolved: - That

 

(1)  having regard to risk involved, the sum of £2.3 million of the Housing Benefit provision and £1.0 million of the reserve be returned to the General Fund Balance;

 

(2)  the Housing Benefit Subsidy be increased by £400,000 to reflect the reduced withdrawal of Subsidy by the DWP; and

 

(3)  the net budget be increased by £700,000 to reflect the increased number of claimants.