Issue - meetings

Reports by Head of Strategic Finance

·         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

·         Treasury Monitoring Report as at 31 January 2015

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)