Issue - meetings

Cabinet considered a report that focused on the delivery of the Directorate Business Strategies which were agreed as part of the Service and Resource Planning Process for 2013/14 – 2016/17. Parts 1 and 2 included projections for revenue, reserves and balances as at the end of December 2013.  Capital Programme monitoring was included at Part 3.

Councillor Fatemian in introducing the contents of the report, paid tribute to all the County’s staff in delivering on the Business Strategies. He highlighted the projected small overspend and in particular the significant shift in the projected overspend of Social & Community Services. He also referred to changes in the Treasury Management lending list with the removal of Investec and noted that the Council no longer had a claim against Landsbanki.

Councillor Heathcoat recognised the hard work in Social & Community Services to reduce the overspend, commented that there were huge benefits to pooled budgets but that there were also risksand commended the work of staff.

RESOLVED:             to:

(a)                   note the report;

(b)                   approve the virement requests set out in Annex 2a;

(c)                    approve the supplementary estimate requests set out in Annex 2e and paragraph 50;

(d)                   note the updated Treasury Management lending list at Annex 4; and

(e)                   note the changes to the Capital Programme set out in Annex 7c.