· That the following be noted:
(i) Forecast revenue budget for 2013/14 is to underspend (£0.9m) on services, adding the unused £13m risk contingency brings this to £13.9m overall underspend (paragraph 1 of the report submitted).
(ii) Forecast ongoing efficiencies and service reductions achieved by year end is £60.3m (paragraph 74 of the report submitted).
(iii) Forecast capital budget position for 2013/14 is -£22.3m on services and +£7.0m overall (paragraphs 79 to 84 of the report submitted).
(iv) Management actions to mitigate overspends appear throughout the report submitted.
(v) Quarter three balance sheet, reserves, debt and treasury report (paragraphs 85-93 of the report submitted)
(vi) debt written off during quarter three totals £583,828 (paragraph 92 of the report submitted)
Reasons for decision
To monitor the budget in compliance with the agreed monitoring strategy.
[The decisions on this item can be called in by the Council Overview and Scrutiny Committee]