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

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

Note the total Council revenue
forecast underspend of £25.774m for the year. There is
a forecast underspend of £19.714m 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.  

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
£25.774m to £11.026m, due to the forecast
underspend within budget lines (paragraph
18).  

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.  

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 one has been issued.  

Note the progress and delivered
savings of £33.346m of the approved savings programme as
set out in Table 2 and Appendix J. 

Note that work will continue to find
mitigating or substitute savings for the £3.197m of
Red unachievable savings, deliver the £0.310m Amber at
risk savings and the £3.379m Green on track
savings.  

Note the in-year forecast overspend
on the Dedicated Schools Grant of £30.738m, a decrease of
£0.562m from Quarter 3 (paragraph
12).  

Note the total forecast Dedicated
Schools Grant year-end deficit of £64.649m as set out
in Appendix C.  

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

Approve an addition to the Capital
budget of £0.743m of Disabled Facilities Grants available
which are fully funded by a grant from MHCLG  

Note the Capital Programme forecast
outturn at Month 10 is £151.956m.  

Approve the additional Month 10
capital slippage of £0.356m into future
years  

Note the approved write-offs
included in the confidential Appendix N.