Decision - Targeted Budget Management (TBM) 2023/24: Month 7 (October)

1) That the Committee note the forecast risk position for the General Fund, which indicates a potential forecast overspend risk of £2.870m. This includes an overspend of £0.361m on the council's share of the NHS managed Section 75 services. 2) That the Committee note the further escalation of recruitment and spending controls summarised in Section 12 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 a break-even position. 4) That the Committee note the forecast position for the Dedicated Schools Grant which is currently an overspend of £0.573m. 5) That the Committee note the forecast outturn position on the capital programme which is a forecast underspend of £1.986m and approve the variations and slippage in Appendix 6 and new schemes as set out in Appendix 7.

The report presents Month 7 capital budget performance across the council’s service areas, including forecast outturns, budget variations, slippages and reprofiling. Significant changes include delayed works at Knoll House, reprofiling of transport and property schemes, and changes to Housing Revenue Account spending.