To provide Cabinet with assurance on the robustness of budgetary control and monitoring across the Council, to highlight key financial risks within directorates and identify mitigation to bring the authority within its overall approved budget.

Cabinet considered a report providing assurance on the robustness of budgetary control and monitoring across the Council, highlighting key financial risks within directorates and identifying mitigation to bring the authority within its overall approved budget.

Group Leaders questioned the Cabinet, in detail, on various items within the report and the appropriate Cabinet Member responded.

RESOLVED:

That  (a)  the projected overspend of £3.9m for 2013/14 and the potential impact on reserves and the 2014/15 budget, be noted; and

(b)   the continuing action by Directors to identify further financial savings to mitigate the impact, be supported; and

(c)    Directors and financial resources are focussed on identifying savings for the remainder of 2013/14 and future savings for 2014/15 to 2016/17.