Cabinet resolved to:
(i) Note the projected outturn position for 2014/15 of the Council’s General Fund revenue budget at 30 November 2014, as detailed in paragraphs 2.4 to 2.10 and Appendix A of the report;
(ii) Agree the service budget reallocation within Environmental Services as shown in paragraph 2.7 of the report;
(iii) Note the progress against the agreed 2014/15 savings at 30 November 2014, as detailed in paragraph 2.11 and Appendix B of the report;
(iv) Note progress against the agreed 2014/15 Housing Revenue Account (HRA) savings as detailed in paragraph 2.12 and Appendix B of the report;
(v) Note the overall position for the HRA at 30 November 2014, as detailed in paragraph 2.12 and Appendix C of the report;
(vi) Agree to a loan of £300,000 to Valence Primary School, to be repaid over three years, to fund an upgrade of the school’s ICT facilities as detailed in paragraph 2.13 of the report;
(vii) Note the projected outturn position for 2014/15 of the Council’s capital budget as at 30 November 2014, as detailed in paragraph 2.13 and Appendix D of the report;
(viii) Note the revised capital budget of £143.2m following inclusion of the scheme to extend Barking Riverside Primary School in the Capital Programme for 2014/15; and
(ix) Note the Corporate Director of Children’s Services update report on the budget pressures within the Children’s Services department at Appendix E to the report and support the ‘next steps’ set out in section 5 of Appendix E.