Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To present Cabinet with the latest detailed financial outturn report and identify any additional financial approvals that are required.
That Cabinet Approved:
• The acceptance and adjustment to the Council budget for the following grants as outlined in Appendix A Section 12: - Adult Social Care Charging Reforms - £0.101m
That Cabinet noted:
• The General Fund risk adjusted forecast overspend of £15.2m, noting that if overspends against the agreed budgets emerge, Executive Directors will be required to develop and implement plans to mitigate overspends within 2022/23, in consultation (where required) with elected Members.
• A forecast overspend of £1.2m within the HRA and that over or under spends that materialise on the HRA will be funded by a transfer to or from the HRA general reserve at the end of the financial year.
• A forecast in-year deficit of £15.6m accumulating to a total £40.3m carried forward deficit in the DSG for 2023/24, and the requirement for the Council and the Schools Forum to work together to develop a clear mitigation plan which addresses the High Needs overspend.
• A breakeven position on Public Health services.
• A forecast £33.5m underspend (£8.0m overspend for the General fund and a £41.5m underspend on HRA against the latest approved Capital Programme’s Budget.
Report author: Denise Murray
Publication date: 12/07/2022
Date of decision: 12/07/2022
Decided at meeting: 12/07/2022 - Cabinet
Effective from: 20/07/2022