Decision details

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

RESOLVED:

1.    That the Council’s overall revenue and capital budget positions as at 31 July 2018 be noted.

2.    That the management actions proposed  to achieve a further £25m in-year savings, bringing the total additional savings to £40m be noted.

3.    That the adjustments to reduce and reprofile the service capital programme for 2018-21, outlined in paragraphs 58 to 61 of the submitted report and annexed to these minutes, be approved.

4.    That the draw down of £170,000 carry forwards, as given below, be approved:

            a.        Communications to draw down the £70,000 agreed carry forward, allocated to a budget engagement activity that has been undertaken.

            b.        Legal Services forecasts a +£0.2m overspend mainly because of the high cost of childcare cases. This may increase further due to the high volumes. Legal Services to draw down the £100,000 carry forward agreed to fund the delayed case from the last financial year.

Reason 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 Overview Select Committee]