Purpose

To note 2024-25 in-year financial performance
to Month 5 (August), approve any capital variations, reprofiling or
new schemes, agree any exceptional financial measures, and agree
any new reserves.

Content

1)           
Cabinet notes the forecast risk
position for the General Fund, which indicates a potential forecast
overspend risk of £7.329m.
 

2)           
Cabinet notes the forecast outturn includes a forecast overspend
risk of £1.156m on the NHS managed Section 75 services.

3)           
Cabinet notes the forecast overspend risk for the separate Housing
Revenue Account (HRA), which is an overspend of £0.682m.

4)           
Cabinet notes the forecast overspend risk for the ring-fenced
Dedicated Schools Grant, which is an overspend of
£1.358m.

5)           
Cabinet notes the forecast position on the Capital Programme which
is an overspend variance of £2.370m.

6)           
Cabinet approves the capital budget variations and re-profiling
requests set out in Appendix 6.

7)           
Cabinet approves the new capital schemes requested in Appendix
7.

8)           
Cabinet notes the strengthened spending and recruitment controls
set out in Section 17.