Issue - meetings

The report sets out the overall financial position of the Council for 2014/15 as at August 2014 and covers the following topics: Budget monitoring summary;  Council Tax and NNDR collection rates; Debt analysis; Capital Programme summary; Financial Control.

(i)         that the Finance report be noted;

(ii)        that approval be given to the budget virements for the capital programme as set out in section 5 of the Financial Report appendix.

The Cabinet considered the report from the Chief Finance Officer which set out the overall financial position of the Council for 2014/15 as at August 2014 and covered Budget monitoring summary, Council Tax and NNDR collection rates, debt analysis, capital programme summary and financial control. Councillor Pavey (Lead Member, Resources) emphasised the importance of financial control and urged lead members to take an interest in the audits taking place in their departments. The council was generally on track to deliver savings subject to a projected underspend on Public Health which would be revised through the year as progress on projects became clearer. The Chief Finance Officer drew attention to need for the Cabinet to endorse the amended budget for 2014/15 and approve the rephrasing exercise on the Medium Term Financial Plan.

RESOLVED:

(i)         that the Finance report be noted;

(ii)        that approval be given to the budget virements for the capital programme as set out in section 5 of the Financial Report appendix.