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]