RESOLVED

A)   That Cabinet noted the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £4.37 million, 2.69% of the net budget, a decrease of £0.9m from last month.

B)   That Cabinet approves the virements in Appendix 5B of the report:

New Scheme: Jan Malinowsky Centre (JMC) Extension £200,000

Virement: Street Scene Enhancements (£235,000)

Restoration of South Park Gardens £40,000

Figges Marsh Changing Rooms £50,000

Machinery for highways Grounds Maintenance £25,000

Dilapidations £65,000

Rebuild Unsafe Wall (with ‘charge’ placed on property) £55,000

Joseph Hood Primary Expansion (£136,480)

Poplar Primary Expansion £136,480

C)   That Cabinet approves the virement for the additional social work capacity required in Children, Schools and Families.  The required virement of £127,900 from the coporate contingency.

D)   That Cabinet approves the virement of £216,000 over 2 years from OCPB reserves for temporary resources required for the Procurement Strategy to make procurement plans robust and deliver the council’s transformational needs and efficiency savings requirements.

E)   That Cabinet approves the virement of £200,000 over 2 years from OCPB reserves for the SLLP to provide the legal support for the above procurement activity.

F)   That Council is requested to add the conversion of ‘The Gables’, costing an estimated £577,300 to the Capital Programme, subject to reviewing the need for the legal charge/financial penalties and clarification of the financial benefit to the Authority.