Decision details

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

That the report be noted, including the following:

1.         The council forecasts an improved revenue position for 2014/15 of £7.9m underspend, up from £3.5m at 31 December 2014, as set out in Annex1, paragraph 3 of the submitted report. (This position includes the need to fund planned commitments that will continue beyond 2014/15)

2.         Services forecast achieving an improved position on efficiencies and service reductions by year end of £72.7m, as set out in Annex1, paragraph 70 of the submitted report.

3.         The council forecasts investing £202.3m through its capital programme in 2014/15, as set out in Annex1, paragraphs 74 and 75 of the submitted report.

4.       Services’ management actions to mitigate overspends, as set out throughout Annex1 of the submitted report, be noted.

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]