Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: November 28, 2024

Purpose:

Content: : 1.1. To note the overall forecast GF outturn position. (Table 1) 1.2. To note the breakdown of the forecast General Fund (GF) outturn by variance at Appendix 1 and service area at Appendix 2. (Section 3, Table 1, and Appendices 1 & 2) 1.3. To note the changes in forecast since Quarter 1, notably including a significant pressure in Housing General Fund directorate regarding Temporary Accommodation costs. (Paragraph 3.51) 1.4. To note the virements and budget adjustments posted up to Q2 and to approve an ongoing virement in Environment and Climate Change which is required to realign budgets to reflect income and expenditure levels. (Appendix 2 and Section 3) 1.5. To note progress on delivering the 2024/25 agreed budget savings. (Appendix 3) 1.6. To note the forecast Collection Fund outturn position for council tax and national non[1]domestic rates (NNDR). (Paragraphs 3.85-3.96) 1.7. To note the forecast Housing Revenue Account (HRA) outturn. (Section 4 and Appendices 1 & 2) 1.8. To note the forecast capital outturn of £248.441m in 2024/25 which includes an overspend of £1.178m on the revised 2024/25 budget (Section 5, and Appendix 4) and the revised multi-year capital programme and how it will be financed. (Appendix 5) 1.9. To agree the requested capital reprofiling with future financial years and budget adjustments 1.10. To note the further capital budget adjustment which will be reported to Full Council later in the financial year for agreement, due to it being higher than the Executive’s authority under the financial regulations. (Paragraph 5.41, Section 5 and Appendix 4) 1.11. To note, and where necessary, agree to debt write-offs (Section 6)       AGREED RECOMMENDATIONS   – as detailed in the report – as detailed in the report – none