Decision details

The Cabinet will be asked to consider the projected position of the Council’s revenue and capital budgets for 2016/17 and, if necessary, consider proposals for in-year adjustments aimed at achieving a balanced budget position at the year end.

The Cabinet resolved to:

(i)  Note the projected outturn position for 2016/17 of the Council’s General Fund revenue budget at 30 November 2016, as detailed in section 4 and Appendix A to the report;

(ii)  Note the overall position for the Housing Revenue Account at 30 November 2016, as detailed in section 5 of the report;

(iii)  Note the progress made on budgeted savings to date, as detailed in section 6 and Appendix B to the report;

(iv)  Note the projected outturn position for 2016/17 of the Council’s capital budget as at 30 November 2016, as detailed in section 7 and Appendix C to the report; and

(v)  Approve the virements totalling £1,809,699 in respect of the savings realised by the voluntary redundancy exercise, as detailed in paragraph 4.7 of the report.