Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: December 5, 2024

Purpose: A forecast on the council's 2024/25 revenue and capital budgets as at Month 7 - October.

Content: 1)           Cabinet notes the forecast risk position for the General Fund, which indicates a potential forecast overspend risk of £6.808m.   2)           Cabinet notes the forecast outturn includes a forecast overspend risk of £1.735m on the NHS managed Section 75 services.   3)           Cabinet notes the forecast breakeven position for the separate Housing Revenue Account (HRA).   4)           Cabinet notes the forecast overspend risk for the ring-fenced Dedicated Schools Grant, which is an overspend of £1.158m.   5)           Cabinet notes the forecast position on the Capital Programme which is an underspend variance of £1.296m.   6)           Cabinet approves the capital budget variations and re-profiling requests set out in Appendix 6.   7)           Cabinet notes the Treasury Management mid-year review 2024/25 as set out in Appendix 7.