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.