Agenda item

The Executive resolved as follows:

1. To note the report and require the respective Directors and Director of Resources to continue to closely monitor and manage financial and operational performances, particularly in Children’s Services, Adult Services, Parking Services and Community and Environmental Services.

2. To recommend to Council that that the in-year budget gap explained at paragraph 4.2 be met by transferring £852,000 from the Earmarked Reserve for Potential Pay Liabilities and the balance of £164,000 from Contingencies.

3. To rescind the previous Executive decision of 16^th June 2014 that underspending services in 2013/2014 could carry forward their budget surpluses into 2014/2015 and hereby agree  that these underspends (with the exception of Area Forum and Ward Budgets) totalling £462,000 be redirected to bolster working balances.