Decision - Targeted Budget Management (TBM) 2023/24: Month 2 (May)

1) That the Committee note the forecast risk position for the General Fund, which indicates a potential forecast overspend risk of £11.101m. This includes an overspend of £4.823m on the council's share of the NHS managed Section 75 services. 2) That the Committee note the escalated recruitment and spending controls summarised in Section 12 that have been applied from 3 July to assist in mitigating the overspend forecast over the remaining months of the financial year. 3) That the Committee note the forecast for the Housing Revenue Account (HRA), which is currently an overspend of £0.160m. 4) That the Committee note the forecast position for the Dedicated Schools Grant which is currently an overspend of £1.155m. 5) That the Committee note the forecast outturn position on the capital programme which is a forecast underspend of £2.470m and approve the variations and slippage in Appendix 5 and new schemes as set out in Appendix 6.

The report provides a Month 2 update on capital budgets, forecast outturns, variations, slippages and reprofiles across Families, Children & Learning; Health & Adult Social Care; Economy, Environment & Culture; Housing, Neighbourhoods & Communities; Housing Revenue Account; and Governance, People & Resources. It records changes including additional grant funding, revised project costs, budget transfers and delayed housing works.