Agenda item

Members received an overview of the circulated report which had been commended to Council by Cabinet held on 30^th July 2014, concerning budget guideline changes, and noted that the report was before Members for consideration due to significant number and value of virements between Directorates. Members queried what ‘Transformation’ meant within the context of the report, and noted that this referred to the name of a specific Reserve. Members also noted that the report made no additional call in year on the General Reserves.

The Director of Finance and Corporate Strategy advised Council that the decisions referred to in the report (page 5, paragraph 2.4 – Environment and Highways Board) in respect of the use of £492,000 from the Strategic Waste reserve, were to be ratified at today’s meeting of  Council and not at a previous meeting of Council as indicated.

          RESOLVED:        that the virements, reserve movements and additional grants, as set out at paragraphs 2.2 to 2.5 of the circulated report, be approved.