Decision details

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

Cabinet is asked to note the following.          

1.           Services forecast the 2015/16 revenue budget to overspend by +£1.7m (Annex1, paragraph 1).

2.           Services forecast efficiencies and service reductions for 2015/16 at £67.4m (Annex1, paragraph 24).

3.           Total forecast capital expenditure, including long term investments is £196.2m (Annex1, paragraph 31).

4.           The quarter end positions for: balance sheet, earmarked reserves, debt and treasury management (Annex1, paragraphs 10 to 26).

Cabinet is asked to approve the following.

5.           A new proposal to charge third parties for the use of the council’s intellectual property which runs the on-line Careers Education Information and Guidance, a web based advice and guidance service for young people (Annex1, paragraph 14).

Reasons for Decisions:

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 Board]