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Following consideration of the officer report,
appendices and discussion, the Executive resolved to:
 

a)   
Note Council is now forecasting a balanced revenue position
(on-budget). 

b)   
Note the total Council revenue forecast underspend of
£8.782m for the year. There is a forecast
underspend of £2.722m within Service Directorates for
2024/25 and the Corporate Contingency of £6.000m, whilst
remains unallocated it has been released into the forecast outturn
within budget lines Table 1. 

c)   
Note that the planned use of reserves of £36.800m for Medium
Term Financial Plan (MTFP) Support towards the budget is forecast
to reduce by £8.782m to £28.018m, due to
the forecast underspend within budget lines (section
18). 

d)   
Agree that mitigating actions are to be identified in order to
reduce any overspends, to take action and to contribute to the
long-term financial sustainability of the authority. 

e)   
Agree that the Council continues with the aim of avoiding a
Section 114 notice by taking all of the necessary actions and
continuing to operate as if onehas been issued. 

f)     
Note the progress and delivered savings of £17.050m of
the approved savings programme as set out in Table 2 and
Appendix J. 

g)   
Note that work will continue to find mitigating or substitute
savings for the £1.239m of Red unachievable
savings, deliver the £5.004m Amber at
risk savings and the £16.584m Green on track
savings. 

h)   
Note the in-year forecast overspend on the Dedicated Schools Grant
of £32.767m, an increase of £4.508m
from Quarter 2 (in section 12). 

i)     
Note the total forecast Dedicated Schools Grant year-end deficit
of £68.707m as set out in Appendix C. 

j)     
Note the collection rates for Council Tax and Business Rates as set
out in section 19. 

k)   
Note the Capital Programme forecast outturn at Month 7 is
£113.678m. 

l)     
Approve that any application for Exceptional Financial
Support for the 2025/26 budget is delegated to the Interim
Chief Finance Officer (Section 151 Officer) as detailed in
section 31 of this report.