The Leader of the Council and Portfolio Holder for Strategy, Financial Strategy, Budget and Business Plan presented a report from the Head of Finance, Governance and Assurance [s151 Officer] setting out the Revenue forecast for 2016/17 as at Quarter 2 and identified current projections on delivery of savings within the forecast.

RESOLVED:

i)  That at the end of Quarter 2 (30 September 2016), the full year forecast is a potential overspend of £0.635m;

ii) That the impact of this on the Council’s General Fund balance be considered.

iii) That the reallocation of funding from the New Homes Bonus Reserve be approved as detailed in Appendix 3.

iv) That the virement of funding allocations be recommended to Council as set out in paragraphs 7.2 to 7.5 of the     report.