Purpose

The Performance and Resources
Report (PRR) details the Council’s position in relation to
revenue and capital spending, budget planning, workforce
projections, performance and risk management by portfolio against
the County Council’s priorities. 
The Leader, Cabinet Member for Finance & Property, or Cabinet
will be recommended to approve the PRR and any decisions required
in relation to budget (revenue or capital), resources and
performance management.

Decision

Following
consideration of the report, the Cabinet:
(1)        
Approves the overall revenue and capital financial outturn position
within the Performance and Resources Report including:

a.   
Agreeing the overall revenue outturn overspend position of
£6.315m, which is made up of the following items:

                                        
i.   
Overspending on service Portfolio Budgets of
£34.692m,

                                       
ii.   
Additional Financing Income received of £7.534m,

                                      
iii.   
A mix of additional funding and unspent budget within Non-Portfolio
Budgets of £20.843m – this includes £13.008m of
Contingency which remained unallocated in year.

b.   
Noting the required draw-down of £6.315m from the Budget
Management Reserve.

c.   
Agreeing the overall capital outturn position of £119.273m,
compared to the revised Capital Programme forecast of
£122.040m.
(2)        
Approves a new Fee and Charge for Biodiversity Net Gain, as
detailed in paragraphs 1.24 - 1.26, from 1 April 2024.
(3)        
Approves the proposed changes to the Key Performance Indicator
measures KPI 22 and KPI 62 as detailed in paragraph 1.5.
The call-in deadline is 4 July 2024.