Decision Maker:

Outcome: Recommendations Approved (subject to call-in)

Is Key Decision?: No

Is Callable In?: No

Date of Decision: September 18, 2024

Purpose:

Content: RESOLVED that Cabinet:-   CORPORATE FINANCE PERFORMANCE   1.    Note the £4.3M projected cost pressure on the Council’s 2024/25 General Fund budget; and   2.    Note the ongoing cost pressures within Children’s Social Care and the plans being to mitigate these pressures as far as is possible; and   3.    Agree to receive further updates from Executive Directors on the delivery of their service reviews/efficiency savings and future spending plans, ensuring that these are managed within agreed budget envelopes; and   4.    Agree to receive an updated Medium-Term Financial Strategy later in 2024 reflecting any permanent cost pressures arising as a result of the report and an updated strategy to address anticipated future funding gaps; and   5.    Note that unless the Council’s funding position improves significantly that some difficult choices regarding future service delivery may have to be made; and   6.    Note the Housing Revenue Account was forecast to outturn a balanced position; and   7.    Approve the accounting write-off of historic bad debts totalling £0.740M as detailed in the report [NB: all debts remained liable for collection]; and   CAPITAL PROGRAMME PERFORMANCE   8.    Note the forecast position on the Capital Programme (paragraph 3); and   9.    Note scheme slippage totalling £1.8M; and   10.Note the minor net increase in scheme costs; and   TREASURY MANAGEMENT   11.Note the key messages from the Council’s Q1 Treasury Management activities (paragraph 4).