Purpose

Q2 2022/23 Budget Monitoring Report: Part Two
– recommends savings actions as a response to the forecast
overspend reported in the Part One report to Cabinet in October

Decision

Decision:
 
For the reasons set out in
the report and its appendices Cabinet RESOLVED to Agree:
 

i) 
To note the report and its appendices.

 

ii) 
To agree the continued implementation of previously agreed
financial controls through to the end of the financial year.

 

iii) 
To acknowledge the adverse budget position, agree to the immediate
implementation of the proposed remedial actions outlined within
this report and detailed at Appendix One.

 

iv) 
To authorise officers
to continue to identify further options to reduce the overspend,
prioritising efficiency measures but recognising that this may also
lead to reductions in service levels.
 
Alternatives
Considered
 
a) 
The process outlined in section four consisted of looking at all
departmental budgets to identify potential mitigating actions and a
long list of options for consideration was used for Budget
Challenge meetings for each portfolio. The outcome of these
meetings was that £8m of mitigating actions were agreed for
inclusion in this report and presentation to cabinet.