Purpose

Budget monitoring report 2024-25 Quarter 1

Content

DECISION
 

1.   
Note the council’s quarter 1 forecast outturn position as at
30th June 2024, against the approved General Fund budget
(£13.3m overspend), Housing Revenue Account budget
(£3.9m overspend), and Dedicated Schools Grant (DSG) budget
(£2.6m overspend). This is a relatively early forecast in the
2024/25 financial year, affording us an opportunity to implement
mitigating actions for forecast overspends which will be reported
as part of the quarter 2 budget monitor.
 

2.   
Note the council’s quarter 1 forecast outturn position as at
30th June 2024, against General Fund and Housing Revenue
Account capital programme revised budgets for 2024/25.
 

3.   
Approve £6.1m of capital growth and £1.6m capital
reductions, as detailed in paragraph 7.18 of the report and
Appendix 7 to the report, as previously reported to Capital
Strategy Board.
 

4.   
Note the progress made against the 2024/25 savings targets, based
at 30th June 2024.
 

5.   
Note that there are no equalities implications directly resulting
from this report, as set out in Section 10 of the report.
 
Action by
CORPORATE DIRECTOR RESOURCES (J.
LORRAINE)
Director of Finance, Procurement and Audit (A.
Kassim)