Purpose

This report estimates the Council’s year
end position based on information on Quarter 1.

Decision

RESOLVED:
 
That Cabinet Members:
 

A.   
Direct the Chief Executive to lead all Officers in urgently taking
the necessary actions to improve the Quarter 1 forecast of a
projected spend over budget of £38.5m (30th June 2024), by
year end, predominantly focussing on remaining savings or
mitigating actions to be delivered in 2024/25.
 

B.   
Discussed the impact of the projected expenditure forecast on the
General Fund Balance and noted the risk of further service
pressures (savings required) in next year if financial performance
in the current year is not improved.