Decision details

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

RESOLVED:

1.       That the forecast revenue budget for 2016/17 is a -£1.5m underspend
(as set out in Annex, paragraph 1 of the submitted report) be noted.

2.       That the forecast efficiencies and service reductions for 2016/17 is £83.5m
(as set out in Annex, paragraph 19 of the submitted report) be noted.

3.       That the quarter end positions for: balance sheet, earmarked reserves, debt and treasury management (as set out in Annex, Appendix paragraphs App 8 to App 22 of the submitted report) be noted.

4.       That -£55.4m capital expenditure from 2016/17 be re-profiled into the remainder of the 2016-21 capital programme (Annex, paragraph 24 of 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.