Purpose

Report detailing the projected financial
position to the end of 2023/24 financial year based on financial
performance up to the end of August 2023

Content

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.