Purpose

To report the forecast position for 2024/25 at
Quarter 3 (December 2024).

Decision

That: Cabinet

a)   
reviews the financial forecast for
2024/25, as set out in the appendices A-D, and identifies any
additional actions to be considered to reduce forecast cost
pressures;

b)   
notes the progress in delivery of
savings targets and recovery actions for 2024/25;
and

c)   
notes the forecast revenue outturn
position at Quarter 3 2024/25 of a £7.0 million overspend,
before management action, and the potential impact of this
overspend on the council’s reserves.