Decision Maker: Executive Board

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: November 14, 2024

Purpose:

Content: (1)      That the Portfolio Cash Limit Adjustments, as outlined in Appendix 1 attached to the report, be approved.   (2)      That the General Fund Budget Summary position as at 30th September 2024, as shown in Appendix 2 attached to the report, and in particular the forecast overspend of £2.156m at the end of Quarter 2 which, if sustained until the year end, would result in an equivalent additional draw down of reserves, be noted.   (3)      That the Portfolio Holders be requested to review their budgets for   the remainder of 2024/25 with a view to identifying potential mitigating actions.   (4)      That the forecast overspend on the High Needs DSG budget in 2024/25 and the emerging risks around the affordability of High Needs provision from 2025/26 onwards be noted.   (5)      That the Earmarked Reserves and General Fund Balance position as at 30th September 2024, as shown in Appendix 3 attached to the report be noted.