RESOLVED: That Cabinet

(1) note the financial reporting data relating to revenue budgetary control, showing a forecast underspend at year end of £1.07million (which is 0.65% of the gross Council Budget) after allowing for a £299k transfer to the Capital Programme and consider any relevant action they may wish to take in respect of variations;

(2) note the adjustments made to the Capital Programme in Appendix;

(3) note the contents of the Debt Report contained in Appendix 8;

(4) note current progress to date on savings and review for the budget update for August 2013, along with impact on future savings already in the MTFS; and

(5) approve the virement of £235,000 from the £441,864 Social Work Improvement Fund reserve proposed by CSF department.