RESOLVED: That
(1) the draft budget for 2013/14 and the Medium Term Financial Strategy be approved for consultation;
(2) the remaining budget gaps of £5.2m in 2013/14, £3.3m in 2014/15, £16.9m in 2015/16 and £14.3m in 2016/17 and the plans to close the gap be noted;
(3) the planned investment in services and efficiency programme be noted;
(4) the statutory changes to school funding be noted and the proposed changes to the school funding formula at Appendix 4 to the report be approved;
(5) the proposed level of contribution to the London Boroughs Grant Scheme of £263,831 for Harrow be agreed.
Reason for Decision: To publish a draft budget for 2013/14.
Alternative Options considered and rejected: As set out in the officer report.
Conflict of Interest relating to the matter declared by Cabinet Member/Dispensation granted: None.