Decision - Targeted Budget Management (TBM) 2022/23: Month 9 (December)

RESOLVED: That the Committee (i) Noted the forecast risk position for the General Fund, which indicates a potential forecast overspend risk of £ 6.573m . This includes an underspend of £ 0.345m on the council's share of the NHS managed Section 75 services. (ii) Noted that spending and recruitment controls will now remain in place until 31 March 2023 and, together with ongoing financial management actions, this is expected to improve the forecast by a further £ 2m by 31 March 2023 (outturn). (iii) Noted the forecast for the Housing Revenue Account ( HRA ), which is currently an overspend of £ 1.295m . (iv) Noted the forecast position for the Dedicated Schools Grant which is currently an overspend of £ 0.053m . (v) Noted the forecast outturn position on the capital programme which is a forecast underspend of £ 1.002m and approve the variations and slippage in Appendix 6 and new schemes as set out in Appendix 7.

The report sets out movements in the council’s forecast revenue variance between Month 7 and Month 9. The total General Fund forecast variance improved by £5.064 million, mainly due to financial recovery measures, spending controls, vacancies, improved income and reduced expenditure.