1.
That, in relation to the General Revenue Fund, (i) the proposals to increase earmarked (risk)
reserves drawndown by a further
£1.9m to £4.8m to resources additional children’s
service development costs be approved (para 2.2 refers) (ii) the
forecast £5.1m forecast revenue overspend position for
2016-2017, net of the proposed reserves drawndown in (i) above
(para 2.1 refers) be noted (iii) it be noted that a report will be
submitted to a future Cabinet meeting following clarification of
liability for site clearance costs relating to the environmental
incident at a commercial site in Lockwood (iv) the forecast outturn
position on collection fund (paras 3.9 and 3.10 refer) and forecast
movements in reserves and balances in-year (paras 3.6 to 3.8 refer)
be noted (v) the proposals to bring the forecast £5.1m
overspend in line with budgets by current year end, and other
actions to build up available reserves to support the Medium Term
Financial Plan from 2017 onwards (para 3.4 refers) be noted (vi) a
report be submitted to Cabinet on 15 December 2016 regarding
management actions being taken to mitigate the increasing overspend
in Learning Disabilities (para 3.5 refers) and (vii) a report be
submitted to a future Cabinet meeting to consider how the Mount
Pleasant £3.3m potential release from the rollover reserve
could be used (para 3.8 refers).
2.
That, in relation to the Housing Revenue Account, the forecast
revenue outurn position for 2016-2017
(para 2.10 and Appendix A refer) and the forecast HRA reserves position at year end (Appendix B
refers) be noted.
3.
That, in relation to Capital, (i) the
forecast capital outurn position for
2016-2017 (para 2.10 and Appendix A) be noted and (ii) approval be
given to the transfer of £500k from the IT Revenue budget
into the ‘Corporate Facilities IT’ Capital Programme
budget.
4. That, in relation to Treasury Management, the mid-year summary on Treasury Management activity for 2016-2017 (Appendix A refers) be noted.