Decision Maker:

Outcome: Recommendations Approved (subject to call-in)

Is Key Decision?: No

Is Callable In?: No

Date of Decision: March 19, 2025

Purpose:

Content: RESOLVED that Cabinet:-   CORPORATE FINANCE PERFORMANCE   1.    Note the £8.2M projected cost pressure on the Council’s 2024/25 General Fund budget, a further deterioration of £2.2M since Quarter 2; and   2.    Note the ongoing cost pressures within Children’s Social Care and the plans in place to mitigate these pressures as far as is possible; and   3.    Agree to receive further updates from Executive Directors on the delivery of their service reviews/efficiency savings and future spending plans, ensuring that these are managed within agreed budget envelopes; and   4.    Note that the updated MTFS presented to Members as part of the 2025/26 budget setting process reflects the ongoing impact of the pressures outlined in the report; and   5.    Note the advice of the Director of Finance (S151 Officer) that services must manage within agreed resources given the ongoing uncertainty pending the outcome of the Government’s Spending Review and wider Local Government Finance reforms; and   6.    Note the Housing Revenue Account is forecast to overspend by £0.3M; and   7.    Approve the accounting write-off of historic bad debts totalling £1.113M as detailed in the report [NB: all debts remain liable for collection]; and   CAPITAL PROGRAMME PERFORMANCE   8.    Note the forecast position on the Capital Programme; and   9.    Note scheme slippage totalling £23.7M; and   10.Approve the net increase in scheme costs of £1.5M; and   TREASURY MANAGEMENT   11.Note the key messages from the Council’s Q3 Treasury Management activities.