Issue - meetings

The Section 151 Officer presented a report which set out the latest position with regard to the 2014/15 Revenue and Capital Budgets together with an initial assessment of the 2015/16 Revenue and Capital Funding positions and updated the Medium Term Financial Plan(MTFP)

CABINET DECISION

That Cabinet:

1)       Noted the position as shown in Section 2 of the report in respect of the      2014/15 Revenue Budget and actions being taken to achieve a    balanced outcome for the year.

2)       Noted the forecast Revenue position for 2015/16 and the MTFP period      as shown in Section 7 of the report and agreed the amounts shown as   forming the agreed planning position at this point in time.

3)       Noted the indicative funding position re Delegated Schools’ budgets           shown in Section 8 of the report and detailed proposals for funding    schools would be presented at a subsequent meeting of Cabinet         following discussions with the Schools budget forum.

Policy Framework

Sustainable Swansea – Fit for the Future

Reason for Decision

To agree control totals in respect of the likely overall budget and savings requirements for 2015/16 and the Medium Term Financial Plan.

Consultation

Legal, Access to Services and Executive Board