RESOLVED

That Cabinet:

1.          notes the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £4.6million, 2.8% of the net budget, at month 9, quarter 3. This is a reduction of £150k from last month.

2.          approves the virement for the additional social work capacity required in CSF. The required virement is £234k (£119k for quarter three and £115k for forth quarter) from the corporate contingency.

3.          notes the adjustments to the capital programme as detailed in Appendix 5b and approves the capital virement of TfL funding below: