That: Cabinet

a)    reviews the financial forecast for 2024/25, as set out in the appendices A-D, and identifies any additional actions to be considered to reduce forecast cost pressures;

b)    notes the progress in delivery of savings targets and recovery actions for 2024/25; and

c)    notes the forecast revenue outturn position at Quarter 3 2024/25 of a £7.0 million overspend, before management action, and the potential impact of this overspend on the council’s reserves.

Alternative options

1.             Cabinet may choose to review financial performance more or less frequently; or request alternative actions to address any identified areas of variance from budget, including referral to the relevant scrutiny committee.