Decision

RESOLVED:
 
That Cabinet Members:
 

1.    
Noted that the position set out in the report reflects the best
information available after the first 4 weeks of the year (with
c90% of the year remaining), and hence considerable uncertainty in
these early estimates which will be taken forward as a
‘floor’ position. P2 will be expected to help set out a
‘ceiling’ position, resulting in a ‘control
corridor’ which can be considered in future reports.

 

2.    
Noted that at the end of Period 1 (30th April 2024), the indicative
level of savings delivery is £47.907m (77%), resulting in a
projected spend over budget of £29.006m for 2024/25.
 

3.    
Noted the projected General Fund Balance of £9.815m for 31
March 2025 if the projected spend over budget is realised.