Decision - Targeted Budget Management (TBM) 202/245: Month 9 (December)

This report requests Cabinet to note the 2024-25 in-year financial performance to Month 9 (December), approve any capital variations, reprofiling or new schemes, agree any exceptional financial measures, and agree any new reserves.

1)             Cabinet notes the forecast risk position for the General Fund, which indicates a potential forecast overspend risk of £3.310m.

2)             Cabinet notes the forecast outturn includes a forecast overspend risk of £1.522m on the NHS managed Section 75 services.

3)             Cabinet notes the forecast breakeven position for the separate Housing Revenue Account (HRA).

4)             Cabinet notes the forecast overspend risk for the ring-fenced Dedicated Schools Grant, which is an overspend of £1.276m.

5)             Cabinet notes the forecast position on the Capital Programme which is an underspend variance of £2.188m.

6)             Cabinet approves the capital budget variations and re-profiling requests set out in Appendix 6.

7)             Cabinet approves new capital schemes requested in Appendix 7.

8)             Cabinet notes the Treasury Management update as set out in Appendix 8.