Purpose

Updated revenue and capital forecasts for
2023/24 based on the information available at the end of September
2023.

Decision

That Cabinet:
 

1.    
Notes the forecast overspend of £4.856m (1.3%) 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
£6.609m, and the consequent shortfall against the target;

3.    
Notes the action plan developed by Corporate Board, to address
service overspends in 2023/24 and mitigate their medium-term
impact;

4.    
Notes the forecast capital spend for 2023/24 of £162.117m;
and

5.    
Notes and approves the movement in the forecast spend on the
capital programme of £28.664m from 2023/24 into future years
and notes the carry forward of Corporate schemes of £0.150m
and S278 contributions of £6.830m.