Decision details

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

RESOLVED:

1.    That the Council’s overall budget position as at 30 June 2018 was noted:

·         £11.8m forecast revenue year end overspend,

·         £65.5m forecast planned MTFP savings, against £66.0m target,

·         £15m increase in pressures against £108m anticipated, and

·         £31.4m forecast service capital programme year end underspend.

2.    That officers be requested to report the next Cabinet meeting on plans to bring the 2018/19 budget back into balance.

3.    That the measures to achieve £15m additional in-year savings outlined in Annex 1, paragraphs 6 to 8 of the submitted report was approved.

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]