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That Cabinet note the overall revenue budget
deficit forecast at month 9 of £314k, a slight deterioration
of £29k since the previous forecast.
 
That Cabinet note the forecast 85% delivery of
the £12.3m required service savings for the year, resulting
in a £1.86m deficit that is needing to be managed as part of
the overall revenue budget. The overall level of required savings
includes the additional in-year budget recovery measures of
£2.1m instigated at Month 5.
 
That Cabinet note the budgetary risks included
within the forecast, namely;

·      
The volatility of demand for high-cost services, particularly in
Adults & Childrens Social Care and Homelessness;

·      
The risk of further non-delivery of the £12.3m of budgeted
savings targets through to year-end;

·      
The severely limited reserve cover
available to the Council to cover any further deterioration in
outturn position
 
That Cabinet note the forecast draw of
£5.6m on schools delegated balances as outlined in Appendix 1
of this report, an increased draw of £1.85m since the
previous forecast. Cumulative school balances are forecast to move
into a deficit of £1.35m by the end of the financial year,
with sixteen schools now forecast to be in a deficit balance.
 
That Cabinet note an overall forecast Capital
budget under spend of £3.5m, alongside an indication of
slippage in capital schemes of £11.9m. This consequently
introduces £815k of useable capital funding that can assist
in meeting forward capital pressures.