To report the forecast financial position for both revenue and capital to 31 August 2011 and provide an update on Directorates’ recovery plans IN PLACE to address projected overspends.

THAT:

                     (a)          Cabinet noted the report and the forecast deficit position of £2.75 million; and

(b)             Cabinet noted the Chief Executive’s requirement that Directors deliver recovery plans to ensure a balanced revenue budget.

To ensure Cabinet is informed of the forecast financial position and receives assurance that officers are taking appropriate action as necessary to address projected overspends. 

To ensure that Cabinet is kept informed of treasury management activities.

There are no Alternative Options.