Decision details
Financial Strategy 2025/26 - 2029/30
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Decision:
RESOLVED:
3.1. To take necessary actions regarding the
seven areas underpinning the strategic risk set out in the report
(para 2.2)
3.2. To note the and endorse the actions achieved and planned (para
2.4 and 2.5)
3.3. To take necessary action to improve Period 2 forecast (31
st May 2024), by year end in terms of
the indicative level of savings delivery of £38.403m (61%),
resulting in a projected spend over budget of £38.553m for
2024/25.
3.4. To note the projected General Fund Balance of £0.268m
arising if no further action were taken.
3.5. To formally acknowledge that the current information indicates
the need for urgent corrective action, and to request that the
Council’s senior team undertakes that urgently.
Report author: Ben Jay
Publication date: 18/07/2024
Date of decision: 17/07/2024
Decided at meeting: 17/07/2024 - Cabinet
Effective from: 25/07/2024
Accompanying Documents: