Decisions for issue Targetted Budget Management (TBM) 2015/16 Month 5

1)    That the Committee note the forecast risk position for the General Fund, which indicates a budget pressure of £7.658m. This consists of £7.203m on council controlled budgets and £0.455m on the council’s share of the NHS managed Section 75 services.

2)    That the Committee note the forecast for the Housing Revenue Account (HRA), which is an underspend of £0.529m.

3)    That the Committee note the forecast risk position for the Dedicated Schools Grant which is an underspend of £0.015m.

4)    That the Committee note the forecast outturn position on the capital programme.

5)    That the Committee approve the capital programme variations and reprofiles in Appendix 3 and new capital schemes in Appendix 4.

6)    That the Committee approve the Virements from Housing Related Support Services as set out in paragraph 6.2.

7)    That the Committee approve delegated authority to the Executive Director of Finance & Resources and the Head of Law to make a loan of £0.061m to the Brighton Open Market Community Interest Company (CIC) as set out in paragraphs 6.3 and 6.4 subject to satisfactory terms and a Recovery Plan being agreed.