RESOLVED:

That Cabinet:

A.    Confirmed that the s151 Officer continues to ensure that actions taken by other senior officers under the declared Financial Emergency to reduce the variation from budget at outturn are continued.

B.    Noted the continued use of the Budget, Transformation and Change Panel (formerly the Operations Boards) and the Workforce Review Board with a view to enhancing the control of spend and authorisation of projects.  

C.    Noted the forecast overspend at Period 11 of £49.374m.  

D.    Noted the forecast level of savings to be delivered by the end of the financial year at Period 11 of £17.726m (29.60%).  

E.    Noted the forecast General Fund Balance of £5.000