Purpose

This report estimates the Council’s year
end position based on information on Quarter 2.

Decision

RESOLVED:
 
that:
 

A.   
Cabinet Members continue to work closely with the Chief Executive
and senior officers to urgently take the necessary actions to
improve further the Quarter 2 forecast of a projected spend over
budget of £35.095m (30th September 2024), by year end,
predominantly focussing on remaining savings or mitigating actions
to be delivered in 2024/25.
 

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