Decision details

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

That the report be noted, including the following:

1.         That the council forecasts a £5.0m overall revenue budget underspend at year end, which includes use of £6.9m central government grant plus temporary use of £0.8m unplanned underspend against Deprivation of Liberty Safeguards budget to offset pressures in Adult Social Care, as set out in the Annex, paragraph 1 of the submitted report.

2.         That services forecast to achieve £64.4m efficiencies and service reductions by year end, as set out in Annex, paragraph 31 of the submitted report.

3.         That total forecast capital expenditure for 2015/16, including long term investments, is £225.5m, as set out in the Annex, paragraph 39 of the submitted report.

4.         That the quarter end positions for: balance sheet, earmarked reserves, debt and treasury management be noted, as set out in Annex 1, paragraphs App 7 to 20 of the submitted report.

5.       That Services’ management actions to mitigate overspends, were set out  throughout the submitted report.

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]