Decision details

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

RESOLVED:

1.         That an early forecast revenue budget outturn for 2017/18, ahead of identifying mitigating actions, is a £24m overspend, as set out in the Annex, paragraph 1 to the submitted report. This includes:
£9m savings to be identified,
£7m savings considered unachievable,
£11m service pressures.

2.         That the forecast savings for 2017/18 total £88.4m against £104.0m target be noted, as set out in the Annex, paragraph 31 of the submitted report.

3.         That the Section 151 Officer’s commentary and the Monitoring Officer’s Legal Implications commentary, paragraphs 15 to 18 of the submitted report, be noted.

4.         That the following revenue budget virements be approved:

·      £1m from Early Help to the Multi Agency Safeguarding Hub, as set out in the Annex, paragraph 28 of the submitted report.

·      £3m from Schools and SEND to Children’s Services, as set out in the Annex, paragraph 29 of the submitted report.

·      £14,000 from Budget Equalisation Reserve to Surrey Safeguarding Board, as set out in the Annex, paragraph 30 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.

[The decisions on this item can be called in by the Corporate Services Select Committee]