RESOLVED

That Cabinet:

1).    notes the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £4.205million, 2.6% of the net budget, at month 10. This was a reduction of £393k from last month.

2).    notes the virements contained in Appendix 5b and notes the movement of budget from the capital inflation contingency in paragraph 4.2.2 encompassed within the Capital Strategy 2015-19 as presented to Council on 4 March 2015.

3)     authorises the Director of Corporate Services in consultation with the Cabinet Member for Education and the Deputy Leader and Cabinet Member for Finance, to settle the outstanding issues with schools on the PFI scheme on the basis outlined in this report