Decision details

2023-24 Financial Monitoring Report - Forecast Position as at Quarter 2

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes


Updated revenue and capital forecasts for 2023/24 based on the information available at the end of September 2023.


That Cabinet:


1.     Notes the forecast overspend of £4.856m (1.3%) that would need to be funded from the Directorate and General Risk Reserves at the end of 2023/24;

2.     Notes the forecast delivery of savings for 2023/24 of £6.609m, and the consequent shortfall against the target;

3.     Notes the action plan developed by Corporate Board, to address service overspends in 2023/24 and mitigate their medium-term impact;

4.     Notes the forecast capital spend for 2023/24 of £162.117m; and

5.     Notes and approves the movement in the forecast spend on the capital programme of £28.664m from 2023/24 into future years and notes the carry forward of Corporate schemes of £0.150m and S278 contributions of £6.830m.


Report author: Natalia Hodgetts

Publication date: 10/11/2023

Date of decision: 09/11/2023

Decided at meeting: 09/11/2023 - Cabinet

Effective from: 18/11/2023

Accompanying Documents: