Decision details

To consider the month end budget report and make any recommendations as appropriate

1.      That the forecast revenue budget for 2013/14 to underspend by £2.1m on services, as set out in the Appendix (paragraph 1) of the submitted report, be noted.

2.      That the forecast ongoing efficiencies and service reductions achieved by year end were £61.3m, as set out in the Appendix (paragraph 79) of the submitted report, be noted.

3.      That the forecast capital expenditure and investment of £232.6m against a budget of £224.7m, as set out in the Appendix (paragraphs 83 to 89) of the submitted report be noted.

4.      That the transfer of £2m from increased business rates and government grants to the Budget Equalisation Reserve for supporting future years’ budgets, as set out in the Appendix (paragraph 62 and 67) of the submitted report, be approved.

Reasons for Decisions:

To comply with the agreed strategy of providing a monthly budget monitoring report to Cabinet for approval and action as necessary.

[The decisions on this item can be called in by the Council Overview and Scrutiny Committee]