1. That the Council forecasts a £0.4m overspent revenue position for 2014/15, as set out in Annex 1, paragraph 2 of the submitted report.
2. That services forecast achieving £69.0m efficiencies and service reductions by year end, as set out in Annex 1, paragraph 54 of the submitted report.
3. That the Council forecasts investing £207m through its capital programme in 2014/15 as set out in Annex 1, paragraph 58 of the submitted report.
4. That the quarter end balance sheet as at 30 September 2014 and movements in earmarked reserves and debt outstanding be noted, as set out in Annex 1, paragraphs 61 to 63 of the submitted report.
5. That services’ management actions to mitigate overspends be noted as set out throughout Annex 1 of the submitted report.
6. That a virement of £1.1m gross expenditure budget from Human Resources & Organisational Development to Shared Services (£1m) and Finance (£0.1m) to realign budgets and service responsibilities be approved, as set out in Annex 1, paragraphs 33 to 35 of the submitted report.
Reasons for Decision:
This report is presented to comply with the agreed policy 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]