RESOLVED:

That Cabinet Members:

A.    Direct the Chief Executive to lead all Officers in urgently taking the necessary actions to improve the Quarter 1 forecast of a projected spend over budget of £38.5m (30th June 2024), by year end, predominantly focussing on remaining savings or mitigating actions to be delivered in 2024/25.

B.    Discussed the impact of the projected expenditure forecast on the General Fund Balance and noted the risk of further service pressures (savings required) in next year if financial performance in the current year is not improved.