Decision details

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

1.      The forecast revenue budget underspend for 2013/14 of £1.4m on services, and adding the unused £13m risk contingency brings this to £14.4m overall, as set out in paragraph 1 of the submitted report, be noted.

2.      The forecast ongoing efficiencies & service reductions achieved by year end, as set out in paragraph 63 of the submitted report, be noted.

3.      The forecast capital budget position for 2013/14, as set out in paragraphs 66-70 of the submitted report, be noted.

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

5.      The quarter end balance sheet, as at 30 September 2013, and movements in earmarked reserves and debt outstanding, as set out in paragraphs 71 to 78 be noted.

6.      That the request to drawdown the unused 2011/12 Whole System funding (£7.5m) to cover slippage on social capital saving, paragraph 13 of the submitted report, be approved.

Reasons for Decisions

To comply with the agreed strategy 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]