Agenda item

The Committee was provided with details of the Council Plan performance and the Revenue Budget/forecast outturn for 2024-25 as at 30 September 2024 (Quarter 2).

The recommendations in the report were subject to approval by Cabinet on 5 December 2024.

As at Quarter 2, the Council was forecasting a net overspend of £28.104m (£20.163m at Quarter 1) against the approved Revenue Budget for 2024-25. Savings delivery was on track in most areas but continuing demand and cost pressures in Adult’s and Children Social Care services were resulting in forecast expenditure being significantly in excess of budget.

RESOLVED that subject to the approval of Cabinet of these recommendations at its meeting on 5 December 2024, the Audit Committee:

a)    Notes the update of Council Plan performance, progress with the delivery of savings, and the Revenue Budget position/forecast outturn for 2024-25 at at 30 September 2024 (Quarter 2);

b)    Notes the position on Reserves;

c)     Notes the significant actions set out in the report, which will be undertaken across the Council and are required to reduce the significant revenue overspend detailed in the report, and to ensure the delivery of planned savings; and

d)    Notes the adjustments in respect of historic invoices as detailed in the report.