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
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.