Purpose

To present Cabinet with the latest detailed
financial outturn report and identify any additional financial
approvals that are required.

Content

That Cabinet noted:

·      
The General Fund forecast £5.5m adverse outturn variance
against the approved budget for 2023/24.

·      
The performance on delivery of savings (as summarised in Section
3).

·      
The General Fund additional net risk of £0.6m against which
Executive Directors plan to mitigate in full (as summarised in
Section 4).

·      
A forecast overspend of £2.1m within the HRA and that over-
or under-spends that materialise on the HRA will be funded by a
transfer from or to the HRA general reserve at the end of the
financial year.

·      
A forecast in-year deficit of £16.4m accumulating to a total
£56.1m carried forward deficit in the DSG for 2023/24.

·      
A breakeven position on Public Health services.

·      
A forecast £10.4m underspend against the revised Capital
Programme’s Budget (Section 6)