Decision - Targeted Budget Management (TBM) 2022/23: Month 2 (May)

RESOLVED:

That the Committee noted the forecast risk position for the General Fund, which indicates a potential forecast overspend risk of £8.636m. This is net of an overspend of £0.235m on the council’s share of the NHS managed Section 75 services.

2.2 That the Committee note the forecast for the Housing Revenue Account (HRA), which is currently an overspend of £0.722m.

2.3 That the Committee note the forecast position for the Dedicated Schools Grant which is currently break-even.

2.4 That the Committee agrees to set aside £0.395m in a Schools Financial Smoothing Reserve to provide short-term support to schools already in, or expected to be in, deficit that will allow them additional time to adjust their budget plans.

2.5 That the Committee note the forecast outturn position on the capital programme which is a forecast overspend of £3.502m and approve the variations and slippage in Appendix 5 and new schemes as set out in Appendix 6.