Decision details

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

1.      That the council forecasts a £2.4m overspent revenue position for 2014/15, as set out in Annex 1, paragraph 2 of the submitted report.

2.      That Services forecast achieving £68.7m efficiencies and service reductions by year end, as set out in Annex 1, paragraph 53 of the submitted report.

3.      That the council forecasts investing £205m through its capital programme in 2014/15, as set out in Annex 1, paragraph 58 of the submitted report.

4.      That Services’ management actions to mitigate overspends, as set out throughout the submitted report, be noted.

5.    That the following virements of further Government grants totalling £2.6m made for the following purposes, as set out in Annex 1, paragraph 19 of the submitted report, be approved:

·           SEND (special educational needs and disabilities) Implementation Grant (£0.805m to Schools & Learning)

·           KS2 (key stage 2)| Moderation and Phonics Funding (£0.034m to Schools & Learning)

·           Adoption Reform grant (£0.493m to Children’s Services)

·           Staying Put grant (£0.138m to Children’s Services)

·           Troubled Families Payment by Results grant (£0.462m to Strategic Services)

·           Troubled Families Co-ordinator grant (£0.102m to Strategic Services)

·           Troubled Families Co-ordinator attachment fees (£0.549m to Strategic Services)

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 and Scrutiny Committee]