Decision - Targeted Budget Management (TBM) 2018/19: Month 5

RESOLVED: That the Committee agreed:

(i)            Noted the forecast risk position for the General Fund which

indicates a budget pressure of £3.078m. This includes an overspend of £1.148m on the council’s share of the NHS managed Section 75 services.

(ii)          Noted that the one-off financial risk safety net of £1.500m is

available to mitigate the forecast risk if the risks cannot be completely eliminated by the year-end.

(iii)         Noted the forecast for the Housing Revenue Account (HRA), which is currently an underspend of £0.480m.

(iv)         Noted the forecast position for the Dedicated Schools Grant, which is an underspend of £0.150m.

(v)          Agreed to create a Sports and Events Strategy Reserve as set out in paragraph 6.2.

(vi)         Noted the forecast outturn position on the capital programme and approve the variations and slippage in Appendix 5 and the new schemes as set out in Appendix 6.