RESOLVED
(a) that the month 4 budget monitoring forecast position is noted;
(b) that the update on the Safety Valve Intervention programme also is noted;
(c) that an in year virement from service budgets of £10 million, as detailed in section 8 of the report, is agreed; and
(d) that a Safety Valve Support reserve is created and a contribution to it of £10 million is made in year.