To consider the capital and revenue budget and expenditure figures for the first quarter of 2009/10 and any problems identified and to consider other financial matters with a material effect on the medium term financial strategy or the balance sheet.

1.  That the current financial position be noted.

2.  That the receipt of further reports, at least quarterly, during the financial year and in a similar format be agreed.

3.  That the appropriate Cabinet Member receives reports on options for mitigating the major revenue budget issues raised in the report of the Head of Finance;

4.  That the revised use of the balances set aside for KIG and LDF work be agreed.

5.  That the proposals for slippage in the capital programme to and from later years be agreed.

6.  That a further specific report on the possible solutions to the potential funding shortfall for the capital programme be received by Cabinet.