Modern.gov Breadcrumb
- Issue
Modern.gov Content
Issue - decisions
Financial Update Report - September 2022
06/09/2022 - Financial update report - September 2022
That Cabinet noted:
• The General Fund risk adjusted forecast overspend of £7.7m, noting further mitigations are being explored.
• A forecast overspend of £1.4m within the HRA (with actual end of year position being funded by a transfer to or from the HRA general reserve).
• A forecast in-year deficit of £19.6m accumulating to a total £44.2m carried forward deficit in the DSG for 2023/24, and that the Council and the Schools Forum are developing a mitigation plan which will seek to address the High Needs overspend.
• A forecast £40.5m underspend (£4.9m underspend for the General Fund and a £35.6m underspend on HRA) against the latest approved Capital Programme’s Budget.