1. That the latest forecast and planned actions be noted and agreed.

2. That the revised revenue budgets for 2014/15 of £85.003m and £20.291m for CFW and Council Wide respectively be noted.

3. That the revised net revenue budget be noted for the Council for 2014/15 at £156.134m, an increase of £1.582m over the original base budget of £154.552m. The increase being financed from the use of the General Reserve.

The Executive Member for Finance and Director of Finance submitted a report setting out details of the realignment of the CFW, Council-Wide and overall net revenue budget for 2014/15, as considered by Council on 17^th September 2014, together with a report setting out the outcome of the latest monitoring (to the end of July 2014) against this realigned budget. An opportunity was provided for Members to raise questions regarding the reports’ content.

            RESOLVED -

(1)        That the latest forecast and planned actions be noted and agreed.

(2)        That the revised revenue budgets for 2014/15 of £85.003m and £20.291m for CFW and Council Wide respectively be noted.

(3)        That the revised net revenue budget be noted for the Council for 2014/15 at £156.134m, an increase of £1.582m over the original base budget of £154.552m. The increase being financed from the use of the General Reserve.