To note the attached Revenue Budget monitoring report and consider any recommendations from the Overview and Scrutiny Board.

At this juncture Councillor Scouler left the meeting.

The Council noted the current projected outturn for the Revenue Budget for 2014/2015 based on quarter three information, as set out in the submitted report. 

The Chairman advised that the views of the Overview and Scrutiny Board had been circulated on 25 February 2015.

It was proposed by Councillor Darling and seconded by Councillor Tyerman:

The Overview and Scrutiny Board is concerned about the possible calls on the General Fund balance of £4.4 million given the high probability that the Comprehensive Spending Review reserve will be depleted due to the estimated level of redundancy costs, the current projected overspend at year end and the possible outcome of the current Judicial Review.

Therefore the Council requests the Executive Director of Operations and Finance to undertake a further Review of Reserves to identify whether there is spare capacity within the Reserves to replenish the Comprehensive Spending Review reserve.

On being put to the vote, the motion was declared carried.