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

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.

159.1      Cabinet considered a report that set out an indication of forecast risks as at Month 9 on the council’s revenue and capital budgets for the financial year 2024/25.

159.2      Councillors Sankey and Miller contributed to the debate of the report.

159.3      Resolved-

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.