1.      That the approved budget excluding HRA but including deferred spend from 2015/16 is £132.6M (gross) be noted.  The gross forecast is below budget by £17.6M, an increase of £1.2M on August (£30.20M below last year against a higher budget of £139.2M).  The net forecast is £1.3M below budget (£21.5M below last year).

2.      That the budget virement as set out in the report be approved, as there has been a change in the scope of the Thorn Turn Waste Park in that the waste transfer element is not being pursued, so the full original budget is no longer required.  However, additional costs have resulted from post contract design changes on all three Household Waste Recycling centres and construction costs for the South Highways Depot project.  The proposed budget re-alignment nets off to zero, being transfers between the schemes for the reasons set out above.