Purpose

Budget Monitoring 24/25 Quarter 3

Content

The Pre-decision
scrutiny questions and response were noted.
 
DECISION:
 

1.    
To note the council’s quarter 3 forecast outturn
position as at 31 December 2024, against the approved General Fund
budget (£15.4m overspend), Housing Revenue Account budget
(£4.6m overspend), and Dedicated Schools Grant (DSG) budget
(£3.1m overspend). This is the third quarter forecast for the
2024/25 financial year, still affording us an opportunity to
implement mitigating actions for forecast overspends which will be
reported as part of the provisional outturn budget
monitor.

2.    
To note the council’s quarter 3 forecast outturn
position as at 31 December 2024, against General Fund and Housing
Revenue Account capital programme revised budgets for
2024/25.

3.    
To note the progress made against the 2024/25 savings
targets, based at 31 December 2024.
 

4.    
To note that there are no equalities implications directly
resulting from this report, as set out in Section 10 of the
report.

5.    
To approve the re-allocation of £600k of Council Tax
relief fund to support Winter Fuel payments in 2024/25.

 
Action by:
CORPORATE DIRECTOR, RESOURCES (J.
LORRAINE)
(Director of
Finance, Procurement and Audit (A. Kassim)
(Corporate Head of
Financial and Technical (A. Khan)