Decision details

RESOLVED

(a) that the Month 6 budget monitoring forecast and the very challenging financial position faced by the Council be noted;

(b) that the immediate action being taken to safeguard the financial sustainability of the Authority be supported;

(c) that the savings and additional income resulting from the Financial Sustainability Programme be noted;

(d) that the introduction of a new charge when novating contracts be agreed, with immediate effect;

(e) that changing the financing of the Special Educational Needs Capital Programme totalling £12.3 million from internal borrowing to external grant be approved; and

(f) that authority be given to change the financing of other capital projects totalling £8.7 million from internal borrowing to Capital Receipts.