Purpose

This report presents the forecast financial performance against the council's revenue and capital budgets for the General Fund, HRA and Dedicated Schools Grant.

Decision

1. Cabinet notes the forecast risk position for the General Fund, which indicates a potential forecast overspend risk of £20.852m
2. Cabinet notes the additional risks of £16.949m included in the table at Appendix 2 which are not included in the forecast figure above.
3. Cabinet notes the forecast overspend risk for the separate Housing Revenue Account (HRA), which is an overspend of £0.991m.
4. Cabinet notes the forecast overspend risk for the ring-fenced Dedicated Schools Grant, which is an overspend of £8.925m in year.
5. Cabinet notes the current RAG rating of the transformation workstreams at Appendix 3.
6. Cabinet approves the addition of new projects to the capital programme totalling £0.671m as set out in the Part 2 report.