Decision details

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

RESOLVED:

1.       That the Council forecasts an improved revenue position for 2014/15 of of -£2.7m underspend, up from -£0.5m at 31 October 2014. This position includes the need to fund planned commitments that will continue beyond 2014/15, bringing the underlying position down to -£1.2m underspend.  As set out in Annex1, paragraph 2 of the submitted report.

2.       That services forecast achieving an improved position on efficiencies and service reductions by year end of £70.0m as set out in Annex1, paragraph 64 of the submitted report.

3.       That the Council forecasts investing £203m through its capital programme in 2014/15 as set out in Annex1, paragraph 68 of the submitted.

4.       That services management actions to mitigate overspends as set out throughout Annex1 of the submitted report.

5.       That the Bellwin grant compensating the council for costs it incurred responding to the flooding in the winter of 2013/14 and which it funded from general balances to the Budget Equalisation Reserve to support future year’s budgets  is transferred as set out in Annex1, paragraph 54 of the submitted report.

6.       That the new government grant for Universal Infant Free School Meals to schools in accordance with the grant’s conditions is allocated as set out in Annex1, paragraph 9 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 Council Overview and Scrutiny Committee]