Budget overspend of £4milllion predicted by Powys council on this year's budget
More reserve funding will need to be used by Powys County Council to plug a predicted financial black hole of just under £4 million at the end of next March.
The report explained that a £174,000 overspend was predicted on the schools delegated budget and £54,000 on the Housing Revenue Account that funds the maintenance of the council’s housing stock.But the council’s financial worries are being turbocharged by spending within Social Services. “Some of these have been agreed nationally and we are waiting to see if we’ll receive additional funding for that.
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