Financial Monitoring Information for Revenue and Capital

RESOLVED: That Cabinet -

(1) note the financial reporting data relating to revenue budgetary control, showing a forecast underspend at year end of £1,583k (which is 0.9% of the gross Council Budget) after allowing for a £510k transfer to the Capital Programme, £1,500k transfer to balancing the budget reserve, £1,255k carry forward of Public Health funds;

(2)  approve adjustments and capital virements detailed in Appendix 5b and the Current Capital Programme as detailed in Appendix 5a to the report;

(3) note current progress to date on savings; and

(4) approve the virement of £457,560 from the revenueisation and miscellaneous corporate budget to fund the PFI required increase for 2013-14.