Decision details

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

·      That the following be noted:          

- Forecast revenue budget for 2013/14 is balanced on services, adding the unused £13m risk contingency brings this to £13m overall underspend (paragraph 1 of Annex 1 to the report submitted).

- Forecast ongoing efficiencies and service reductions achieved by year end is £61m (paragraph 67 of Annex 1 to the report submitted).

- Forecast capital budget position for 2013/14 is -£2.7m on services and +£26.6m overall (paragraphs 71 to 75 of Annex 1 to the report submitted).

- The management actions to mitigate overspends throughout the report submitted.

·      The request to drawdown the 2012/13 winter pressures funding (£1.7m) to cover slippage on Family, Friends & Community Supportsaving (paragraph 14 of Annex 1 to the report submitted) be agreed.

·      The re-profiling of the capital expenditure on road and highway repairs from £20m each year of the five year 2013-18 capital programme to £31m in 2013/14, with the remainder spread over the four years 2014/15 to 2017/18 (paragraph 75 of Annex 1 to the report submitted) be agreed.

Reasons for Decisions:

To progress the actions identified as part of the agreed strategy of monthly budget monitoring reporting, noting the particular focus on the year end revenue and capital budgets forecasts and the achievement of efficiency targets.