Issue - decisions

That the report be noted including the following:

1.      The Council forecasts an improved revenue position for 2014/15 of £3.5m underspend, up from £2.7m at 30 November 2014, as set out in Annex 1, paragraph 3 of the submitted report. (This forecast includes the need to fund planned commitments that will continue beyond 2014/15).

2.      Services forecast achieving efficiencies and service reductions by year end of £69.0m, as set out in Annex 1, paragraph 67 of the submitted report.

3.      The Council forecasts investing £202m through its capital programme in 2014/15, as set out in Annex 1, paragraphs 71 and 72 of the submitted report.

4.      The quarter end balance sheet, as at 31 December 2014, and movements in earmarked reserves and debt outstanding, as set out in Annex 1 paragraphs 74 to 78 of the submitted report, be noted.

5.    Services’ management actions to mitigate overspends, as set out in Annex 1 of the submitted report, be noted.

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]