DECISION:

1.    Note the council’s position and consequent forecast outturn as at 31^st December 2023, against General Fund Budget (£0.1m underspend) Dedicated Schools Grant Budget (£0.3m overspend), Housing Revenue Account (£0.1m underspend). 

2.    Note the actions taken to date to address the demand pressures as set out in Appendix A to the report, Section 3.2.

3.    Note the progress made against the 2023-24 savings targets, based on forecasts as of 31^st December 2023.

4.    Note the council’s forecast outturn position against General Fund and Housing Revenue Account capital programme approved budgets for 2023-24, based on forecasts as of 31^st December 2023.

5.    Approve the anticipated net slippages of £6.7m and net overspends of £2.6m across the General Fund capital programme and net slippages of £7.2m and net overspends of £0.1m across the Housing Revenue Account capital programme as detailed in sections 3.13 and 3.14 of the report.

6.    Note that there are no equalities implications directly resulting from this report, as set out in Section 4 of the report.

Action by:

CORPORATE DIRECTOR RESOURCES (J. LORRAINE)

Director of Finance, Procurement and Audit (A. Kassim)