Decision details

1.         The full year forecast position for the 2014/15 revenue budget and capital investment programme was noted.

2.         To request Council approval to transfer £100k of additional income from Market Walk to invest in the Town Centre Grants Programme and that any surplus additional income, currently forecast to be around £163k, be divided on a 80:20 basis between two reserves: the equalisation reserve to smooth any fall in forecast income from Market Walk in future years; and the change management reserve which would assist in funding future organisational change.

3.         The forecast position on the Council's reserves was noted.

4.         To request Council approve a £30k increase to the Adlington Play and Recreation budget in the capital programme, funded from Section 106 contributions.

5.         To request Council approve the proposed re-profiling of the Capital Programme to better reflect delivery in 2014/15.