Purpose

This report provides Cabinet with an update on
the Council’s financial performance.

Decision

Resolved
 
That Cabinet
 

1)   
notes the forecast net service overspend of
£7.281m (1.9%) that would need to be funded from the
Directorate and General Risk Reserves at the end of
2023/24;

2)   
notes the forecast delivery of savings for 2023/24
of £6.857m, and the consequent shortfall against the
target;

3)   
notes the forecast capital spend for 2023/24 of
£151.389m; and
4)   
notes and approves the movement in the forecast
spend on the capital programme of £51.256m from 2023/24 into
future years and notes the carry forward of Corporate schemes of
£31.950m and S278 contributions of £0.184m.