Decision details
Financial Monitoring Report Quarter 2 2024/25
Decision Maker: Cabinet
Decision status: Recommendations Approved (subject to call-in)
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
This report estimates the Council’s year
end position based on information on Quarter 2.
Decision:
RESOLVED:
that:
A. Cabinet Members continue to work closely with the Chief Executive and senior officers to urgently take the necessary actions to improve further the Quarter 2 forecast of a projected spend over budget of £35.095m (30th September 2024), by year end, predominantly focussing on remaining savings or mitigating actions to be delivered in 2024/25.
B. Cabinet Members discussed the impact of the projected expenditure forecast on the General Fund Balance and note the risk of further service pressures (savings required) in next year if financial performance in the current year is not improved.
Report author: Ben Jay
Publication date: 20/11/2024
Date of decision: 20/11/2024
Decided at meeting: 20/11/2024 - Cabinet
Date comes into force if not called in: 28/11/2024
Call-in deadline date: 27/11/2024
Current call-in Count: 0
Accompanying Documents:
PDF 3 MB