A. That Cabinet noted the financial reporting data relating to revenue budgetary control, showing a forecast net underspend at year-end of £1.49m million, 0.28% of gross budget.

B. That Cabinet noted the adjustments to the Capital Programme contained in Appendix 5b and approve the items in the Table below:

The Deputy Leader and Cabinet Member for Finance presented the report, thanking all involved and advising that the purpose of the report was to compare current spending in comparison to the budget. The Cabinet Member advised that there was a forecast net underspend of £1.49 million but noted that there were some areas of pressure and some areas would not continue to have an underspend.

The Director of Corporate Services advised that the report would go to the Financial Monitoring Task Group on 25 February to be looked at further.

RESOLVED:

A. That Cabinet noted the financial reporting data relating to revenue budgetary control, showing a forecast net underspend at year-end of £1.49m million, 0.28% of gross budget.

B. That Cabinet noted the adjustments to the Capital Programme contained in Appendix 5b and approve the items in the Table below: