Issue - meetings

A report from the Director of Finance, Resources and Customer Services is attached. This sets out the Council’s revenue monitoring position level spend based on information to the end of February 2014.  (Key decision – reference number 3765)

(Report No.229)

(8.20 – 8.25pm)

Councillor Andrew Stafford (Cabinet Member for Finance and Property) introduced the report of the Director of Finance, Resources and Customer Services (No.229) setting out the Council’s revenue monitoring position of level spend based on information to the end of February 2014.

NOTED

1.               The revenue outturn balanced budget projection for 2013/14.

2.               That Table 2 in the report set out the forecast outturn table which showed all areas to be on budget.

3.               The treasury management and cash flow analysis and the achievement of savings as set out in sections 6 and 8 of the report.

Alternative Options Considered: Not applicable to this report.

DECISION: The Cabinet agreed

1.               The allocation of £533k from Central Contingency to Schools and Children’s Services in respect of the overspend on No Recourse to Public Funds (section 5.6 of the report referred) and that this pressure would be met centrally in future years.

2.               That the Cabinet Members for Children and Young People and Finance and Property take the decision on the allocation of the one-off grants for Special Educational Needs and Disability Reform and Adoption Reform set out in section 10 of the report.

Reason: To ensure that Members were aware of the projected budgetary position for the Authority for the current year including all major budget pressures and underspends which had contributed to the present monthly position and that were likely to affect the Council’s finances over the period of the Medium Term Financial Plan.

(Key decision – reference number 3765)