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

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.

81.1      Cabinet considred a report that set out an indication of forecast risks as at Month 5 on the council’s revenue and capital budgets for the financial year 2024/25.

81.2      Councillors Muten, Daniel and Rowkins asked questions and contributed to the debate of the report.

81.3      Resolved-

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.