Decision details

This report will review financial monitoring information.

262/2005 The Cabinet noted with concern the current forecast net overspend of £1.611m reflecting action taken to date.
263/2005 The Cabinet instructed officers to achieve savings and income to eliminate the residual overspend and contribute to the shortfall in the corporate savings target.
264/2005 The Cabinet expressed particular concern at the forecast for the SEN service and adult disability services and required immediate corrective action with further details reported during the next monitoring cycle.
265/2005 The Cabinet agreed to implement a moratorium on all spending with immediate effect provided it does not cause deterioration in the delivery of front line services, such spending to be subject to directors' specific approval.

Cabinet has the responsibility to ensure effective budgetary control to contain expenditure within the approved limits set by Council. Where a budget overspend is forecast, Cabinet supported by the corporate management team, must identify measures to remove the excess expenditure.