RESOLVED:

A. That Cabinet notes the financial reporting data relating to revenue budgetary control, showing a forecast underspend at year end of £954k (which is 0.58% of the gross Council Budget) after allowing for a £418k transfer to the Capital Programme

B. That Cabinet notes the four schemes being re-profiled detailed in Appendix 5b and the Current Capital Programme as detailed in Appendix 5a.

C. That Cabinet notes current progress to date on savings.

D. That Cabinet notes the update to the use of reserves

E. That Cabinet notes the update to Customer and Client Receipts

F. That Cabinet notes the Cash Flow Statement

G. That Cabinet notes the Key Strategic Risk Register as at September 2013 and approves the removal of the following four items:

·        KSR 51 – Supply Chain Failure - One of Merton's key delivery partners or sponsor goes in to administration – Risk Ranked as 2

·        KSR 52 - Data quality of management information - Failure to provide accurate performance data – Risk Ranked as 2

·        KSR 57 - Agency staff - Use of agency staff following changes to employment rights – Risk Ranked as 2

·        KSR 59 - Business rates - Localism agenda - review of business rates Inc. discretionary reliefs – Risk Ranked as 2