Decision details

RESOLVED that Cabinet:-

1.    Notes the financial position for the Council as at Quarter 2 is a projected operational overspend of £12.5M for 22/23; and

2.    As highlighted in Quarter 1, releases resources earmarked as part of the 22/23 budget setting and 21/22 final accounts processes to temporarily address the net pressure; and

3.    Agrees that the action plans requested at Q1 to mitigate overspends in the service areas listed below are finalised and submitted to Cabinet/ Audit and Governance Committee for consideration during Q3:

·       Children in Care [Children’s Services]

·       Assessment & Care Management [Children’s Services]

·       Estates – Commercial Rental Income [Growth & Sustainability]

·       Car Parking Income [Growth & Sustainability]

·       Home to School Transport [Growth & Sustainability]

4.    Notes the current 22/23 forecast of a balanced position on the Housing Revenue Account; and

5.    Approves the write-off of historic bad debts totalling £1.0M as detailed in the report; and

6.    Notes the forecast position on the approved Capital Programme and the ongoing review of the programme; and

7.    Notes the key messages from the Council’s Q2 Treasury Management activities.