Purpose

To consider the report of the Cabinet Member
for Finance and Corporate Services detailing an update on the
Council's financial position for 2024/25.

Decision

(i) 
Agree the £2.16M adjustments to be made to
directorate budgets to reflect further sustained favourable
variances reported at month 6 of 2024/25 due to transformation and
other measures, to be transferred to centrally held contingency to
reduce the reliance on Exceptional Financial Support (EFS), as set
out in paragraph 6.

(ii) 
Agree the progress being made to deliver on the
Deficit Recovery Plans that have been developed to mitigate
forecast overspends in several specified budget areas, as set out
in paragraph 7.

(iii) 
Recommend Council approve the virement of
£24.30M Social Care Grant income budget from Non-Specific
Government Grants (Centrally Held Funding) to Children &
Learning (£9.53M) and Community Wellbeing (£14.77M) to
reflect a change in the grant conditions from an un-ringfenced to a
ringfenced grant, as set out in paragraph 8.