Purpose

To report on Quarter 1 Revenue and Capital
Monitoring, and to consider any specific recommendations on the
application of resources in-year, including movements to and from
reserves, as required by Financial Procedure Rules.

Content

RESOLVED –
 

1)   
That the forecast revenue outturn position at Quarter 1 for 2024/25
(£12.9 m overspend) be noted.

2)   
That the Quarter 1 forecast that the DSG deficit is forecast to
increase by £20m in 2024/25 be noted.

3)   
That the Quarter 1 forecast HRA position (£403k deficit) and
forecast year-end reserves position of £13.8m be noted.

4)   
That the Quarter 1 forecast capital monitoring position for 2024/25
and approve £62m re-profiling of the 2024/25 capital plan
into future years be noted.

5)   
That the Quarter 1 treasury management prudential indicators be
noted.

6)   
That authority be delegated to the Executive Director Adults and
Health or his authorised representative to receive, host and
utilise accelerating Reform Fund revenue funding (£1.57m) and
to transfer to regional partners by way of revenue grants as part
of this.