Purpose

To update Cabinet on the forecast for Q2 (as
at August) for the General Fund and HRA Revenue & Capital, DSG,
and Collection Fund.  Also to provide an MTFP Update,
including £5m of Budget Savings and Reserve movements

Decision

DECISION: The Cabinet agreed to
approve:
 

The in-year savings
identified totalling £5.1m and related budget virements
(paragraph 6.66.6 to 6.126.126.66.66.6).
The transfer of
£1.8m from the risk reserve to the General Fund Balance to
keep the General Fund Balance at 5% of the Net Revenue Budget.
Movement of
£4.5m from the Insurance Reserve to the Risk Reserve, in line
with actuary advice (paragraph 5.3).