Decision details

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

RESOLVED:

Cabinet noted:

1.         forecast revenue budget outturn for 2016/17 is ?£6.8m underspend, an improvement from -£3.5m last month (Annex, paragraph 1);

2.         forecast efficiencies and service reductions for 2016/17 is £66.4m, up by £0.1m from last month (Annex, paragraph 50); and

3.         the Section 151 Officer’s commentary and the Monitoring Officer’s Legal Implications commentary (main report, paragraphs 16 to 23).

That Cabinet approve:

4.         the transfer of -£2.0m underspend on the New Homes Bonus grant allocated to infrastructure projects to the Budget Equalisation Reserve (Annex, paragraph 27); and

5.         the reprofilng of £0.15m capital contribution to the Godalming flood alleviation scheme from 2016/17 to 2017/18 (Annex, paragraph 61).

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 decision may be called in by the Council Overview Board]