Purpose

To
consider the Quarter 2 Financial Monitoring Report 2024/25

Content

 

 

(a)  Cabinet notes the Senior
Leadership Team’s forecast of the full year’s outturn for the Council, made at the
end of September 2024 including progress of the transformational and efficiency
savings incorporated into the budget.

(b)  That the capital programme for 2024/25, be
noted.

(c)   That the capital spend of £3.45m against
Sewerage Treatment Services Improvement Works as agreed by Capital Strategy
& Assets Management Group on 7 October 2024, be noted.

(d)  That the additional capital spend of £2.8m
for Weymouth Harbour Walls F&G of which £1.3m to be funded from Dorset
Council resources and £1.48m from Harbour reserves, be approved (subject to
harbour advisory committee). A detailed breakdown is shown in the appendix
which brings total project spend to £13.8m.

(e)  That the additional capital spend of £1.0m
for Foster and Kinship Carers Adaptations Capital Fund, be approved.

(f)    To reallocate the budget of £160k from Parkdean improvement works to Greenhill.

(g)  To continue procurement to deliver Urgent
and Emergency Care (UEC) Transformation programme – part 2 with an expected
value of £9m, of which Dorset Council is committing to up to £1.5m with a
further step of making any contract award and finalising the partnership
agreement with NHS partners should be delegated to the relevant Cabinet Member
for Adult Social Care, after consultation with the relevant Executive Director,
Jonathan Price, Cabinet Member for Finance and Capital Strategy, Cllr Clifford
and Executive Director for Corporate Development (s151 officer), Aidan Dunn.

Reason for the decision

The Council provided
a mix of statutory and discretionary services to communities across Dorset and
was legally required to set a balanced budget every year, and so must deliver
services within the resources made available through the revenue and capital
budgets for 2024/25.  This report
summarised the Council’s forecast financial performance for the year at the end
of September 2024.