Decision - Targeted Budget Management (TBM) 2023/24: Month 5 (August)

RESOLVED: That the Committee –

(i)             Noted the forecast risk position for the General Fund, which

indicates a potential forecast overspend risk of £8.971m. This includes an overspend of £0.235m on the council’s share of the NHS managed Section 75 services.

(ii)            Noted the escalated recruitment and spending controls summarised in Section 12 that have been applied from 5 July to assist in mitigating the overspend forecast over the remaining months of the financial year.

(iii)          Noted the forecast for the Housing Revenue Account (HRA), which is currently a break-even position.

(iv)          Noted the forecast position for the Dedicated Schools Grant which is currently an overspend of £0.680m.

(v)           Noted the forecast outturn position on the capital programme which is a forecast overspend of £0.412m and approve the variations and slippage in Appendix 6 and new schemes as set out in Appendix 7.

(vi)          Noted the Treasury Management Update as set out in Appendix 8.