Contact: Jon Pittam, (01962) 847400; [email protected]

1 Summary

1.1 This is the first report to the Cabinet on the monitoring of the 2005/06 budget. It reviews corporate issues arising from the service budget monitoring reports to Executive members and other developments affecting the County Council's financial planning both in the short and medium term.

1.2 The following decisions are sought:

i) that the transitional arrangements for the management of Children's and Adult Services budgets in 2005/06 be approved

ii) that the business case for the allocation of the additional £250,000 earmarked within the contingency for the Youth Service be approved

iii) to agree the continued funding of £60,000 for youth initiatives in Andover following the evaluation of the pilot schemes

iv) to agree the proposal for a mid-year review of progress against the 2005/06 efficiency targets.

2 Reason(s)

2.1 The Cabinet needs to review the County Council's overall financial position regularly in the context of any issues of corporate significance emerging from service budget monitoring reports.

2.2 The proposals in this report support all of the aims of the corporate strategy.

3 Other options considered and rejected:

3.1 Not applicable.

4 Conflicts of interest declared by the decision maker or other Executive member consulted

4.1 Not applicable.

5 Dispensation granted by the Standards Committee

5.1 Not applicable.

6 Reason(s) for the matter being dealt with if urgent

6.1 Not applicable.

Approved by: ................................. Date: ............................

Councillor T K Thornber, CBE