DECISION

1.    To note the Council’s revenue and capital financial forecast outturn position as detailed in Sections 3 to 7 of the report.

2.    To note the balance sheet information in section 8 of the report.

Action by:

CORPORATE DIRECTOR, RESOURCES (Z. COOKE)

(Chief Accountant (K. Miles)

Councillor David Edgar, Cabinet Member for Resources, introduced the report. He highlighted the value in using the report to review how different services were managing under the growing budgetary pressures. He noted underspending on Capital budgets that he would monitor.

During discussion it was noted that there were still some savings to find, for example in Adults’ Services and that some reserves may need to be used. Upcoming government announcements may also have an effect, for example on housing policy and this would be kept under review.

The Mayor agreed the recommendations as set out.

RESOLVED

1.    To note the Council’s revenue and capital financial forecast outturn position as detailed in Sections 3 to 7 of the report.

2.    To note the balance sheet information in section 8 of the report.