Decision details

RESOLVED that Cabinet:-

1.    Note the £20.7M projected cost pressure on the Council’s 2023/24 General Fund budget, a slight improvement of £0.5M since Quarter 2; and

2.    Note the significant ongoing cost pressures within Children’s Social Care and the plans the Executive Director of Childrens Services in conjunction with the Director of Finance are undertaking to mitigate these pressures; and

3.    Agree to receive further updates from Executive Directors on the delivery of their service reviews/efficiencies and future spending plans, ensuring that these are managed within agreed resource envelopes; and

4.    Note the requirement to utilise reserves as agreed in Quarter 2; and

5.    Note the current forecast pressure of £1.0M on the Housing Revenue Account, an increase of £0.2M since Q2; and

6.    Endorse the accounting write-off of historic bad debts totalling £0.512M as detailed in the report [NB: all debts remain liable for collection]; and

7.    Note the forecast position on the Capital Programme (paragraph 3); and

8.    Note scheme slippage totalling £19.1M; and

9.    Note scheme rephasing totalling £1.4M; and

10.Endorse new schemes to be released into the programme totalling £2.2M in line with the agreed 2023/24 Capital Programme; and

11.Note the key messages from the Council’s Q3 Treasury Management activities (paragraph 4).