Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: March 26, 2025

Purpose: Budget Monitoring 24/25 Quarter 3

Content: The Pre-decision scrutiny questions and response were noted.   DECISION:   1.     To note the council’s quarter 3 forecast outturn position as at 31 December 2024, against the approved General Fund budget (£15.4m overspend), Housing Revenue Account budget (£4.6m overspend), and Dedicated Schools Grant (DSG) budget (£3.1m overspend). This is the third quarter forecast for the 2024/25 financial year, still affording us an opportunity to implement mitigating actions for forecast overspends which will be reported as part of the provisional outturn budget monitor.   2.     To note the council’s quarter 3 forecast outturn position as at 31 December 2024, against General Fund and Housing Revenue Account capital programme revised budgets for 2024/25.   3.     To note the progress made against the 2024/25 savings targets, based at 31 December 2024.   4.     To note that there are no equalities implications directly resulting from this report, as set out in Section 10 of the report.   5.     To approve the re-allocation of £600k of Council Tax relief fund to support Winter Fuel payments in 2024/25.     Action by: CORPORATE DIRECTOR, RESOURCES (J. LORRAINE) (Director of Finance, Procurement and Audit (A. Kassim) (Corporate Head of Financial and Technical (A. Khan)