Decision - Targeted Budget Management (TBM) 2024/25: Month 5 (August)

To note 2024-25 in-year financial performance to Month 5 (August), 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 £7.329m.

2)            Cabinet notes the forecast outturn includes a forecast overspend risk of £1.156m on the NHS managed Section 75 services.

3)            Cabinet notes the forecast overspend risk for the separate Housing Revenue Account (HRA), which is an overspend of £0.682m.

4)            Cabinet notes the forecast overspend risk for the ring-fenced Dedicated Schools Grant, which is an overspend of £1.358m.

5)            Cabinet notes the forecast position on the Capital Programme which is an overspend variance of £2.370m.

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

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

8)            Cabinet notes the strengthened spending and recruitment controls set out in Section 17.