Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
The Committee considered the financial reports monitoring pack which consisted of six reports including the Revenue Budget Monitoring Report as at 31 January 2015; Monitoring of 1% Savings for 2014/15 and 2015/16; Monitoring of Financial Risks; Reserves and Balances; Capital Plan Monitoring Report as at 31 January 2015 and Treasury Monitoring Report as at 31 January 2015.
Decision
The Committee noted the –
1. Revenue
budget monitoring report as at 31 January 2015
2.
Progress
towards the 1% savings target for 2014-15 and 2015-16 and approved the policy
option referenced EDUC07.
3.
Current
assessment of the Council’s financial risks.
4.
Overall
level of reserves and balances and note the monitoring of the earmarked
reserves.
5.
Change
in profiles as noted in paragraphs 3.3.6 to 3.3.11 in the reserves and balances
report.
6.
Capital
plan monitoring report as at 31 January 2015.
7.
Treasury
monitoring report as at 31 January 2015.
Having moved an Amendment which failed to find a seconder, Councillor James Robb required his dissent from decision 2 above to be recorded.
(Reference: Report by Interim Head of Strategic Finance
dated 17 February 2015, submitted)
Publication date: 25/03/2015
Date of decision: 19/03/2015
Decided at meeting: 19/03/2015 - Policy and Resources Committee
Accompanying Documents: