Decision details

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

That the report be noted, including the following:

1.         Services forecast a £6.2m revenue budget variance at year end which includes use of £7.4m central government grant, as set out in the Appendix, paragraph 1, of the submitted report.

2.         Services forecast to achieve £64.5m efficiencies and service reductions by year end, as set out in Appendix, paragraph 38, of the submitted report.

3.         The total forecast capital expenditure for 2015/16, including long term investments, is £222.3m, as set out in Appendix, paragraph 46, of the submitted report.

4.       The investment of £3.4m in the East Surrey Local Transformation Investment Fund be approved, subject to final agreement of the proposal by all parties, as set out in Appendix, paragraph 50, of the submitted report, and signed off by the Leader of the Council.

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 Board]