Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: November 20, 2024

Purpose: This report estimates the Council’s year end position based on information on Quarter 2.

Content: RESOLVED:   that:   A.    Cabinet Members continue to work closely with the Chief Executive and senior officers to urgently take the necessary actions to improve further the Quarter 2 forecast of a projected spend over budget of £35.095m (30th September 2024), by year end, predominantly focussing on remaining savings or mitigating actions to be delivered in 2024/25.   B.    Cabinet Members discussed the impact of the projected expenditure forecast on the General Fund Balance and note the risk of further service pressures (savings required) in next year if financial performance in the current year is not improved.