Issue - decisions

Following consideration of the officer report, appendices and discussion, the Executive:??

a. Noted the forecast overspend of £27.3m (5.5%) for the year and the recovery actions being taken to address this.

b. Approved that it will continue to receive a monthly update on the financial position and actions being taken to address it. 

c. Noted that the format of the Budget Monitoring will be changed from month 6.

d. Approved a £0.3m budget virement from the Corporate Contingency budget to Strategic Asset Management to carry out the RAAC (Reinforced autoclaved aerated concrete) surveys.

ALTERNATIVE OPTIONS CONSIDERED: As set out in the officer report

REASON FOR DECISION: As set out in the officer report