Decision - Targeted Budget Management (TBM) 2022/23: Month 7 (October)

RESOLVED: That the Committee - (i) Notee the forecast risk position for the General Fund, which indicates a potential forecast overspend risk of £ 11.637m . This includes an underspend of £ 0.208m on the council's share of the NHS managed Section 75 services; (ii) Noted the expected provision required in relation to the academisation of Homewood House of £ 0.250m as set out in paragraph 9.8; (iii) Noted the forecast for the Housing Revenue Account ( HRA ), which is currently an overspend of £ 1.173m ; (iv) Noted the forecast position for the Dedicated Schools Grant which is currently an overspend of £ 0.094m ; (v) Noted the forecast outturn position on the capital programme which is a forecast underspend of £ 0.393m and approve the variations and slippage in Appendix 6 and new schemes as set out in Appendix 7; (vi) Noted that further urgent work is required to balance the budget within the current financial year; (vii) Requested officers report backto service committees and January Policy & Resources Committee, listing the actions they are taking within their directorates under officer delegations together with a list of further recommended actions that could be taken this year to bring the budget under control, including consideration of bringing forward proposed rises to fees and charges and the proposed reduction in payments of concessionary bus fares support to Brighton & Hove Bus Company in to this financial year – subject to legal advice .

The committee was asked to note forecast financial risks, including a potential General Fund overspend of £11.637m, a Housing Revenue Account overspend of £1.173m and a Dedicated Schools Grant overspend of £0.094m. It was also asked to approve capital programme variations and require urgent work to identify actions to bring the budget under control, including possible earlier rises in fees and charges and changes to concessionary bus fare support.