Decision details

Q2 Budget Report

Decision Maker: Cabinet

Decision status: Recommendations approved

Is Key decision?: No

Is subject to call in?: Yes


To report the forecast position for 2023/24, including explanation and analysis of the drivers for the material budget variances, and outline current and planned recovery activity to reduce the forecast overspend.

To provide assurance that progress has been made towards delivery of the agreed revenue budget and service delivery targets, and that the reasons for major variances are understood and are being addressed to the cabinet’s satisfaction. The forecast 2023/24 outturn shows a net overspend of £13.8 million at Quarter 2.


That Cabinet:


a) Review the financial forecast for 2023/24, as set out in the appendices A-D, and identifies any additional actions to be considered to achieve future improvements;


b) Note the forecast revenue outturn position at Quarter 2 2023/24 of a £13.8 million overspend, before management action, and the potential impact of this overspend on the council’s reserves;


c) Note the impact of the 2023/24 forecast outturn on the 2024/25 budget requirement and the future financial sustainability of the council;


d) Request that Scrutiny Management Board reviews the budget monitoring position and that relevant Cabinet Members provide explanation for key variances and actions identified to address key pressures; and


e) Agree the continuation and strengthening of management actions to reduce the forecast overspend as identified in this report.

Alternative options considered:

Cabinet may choose to review financial, delivery and operational performance more or less frequently; or request alternative actions to address any identified areas of under-performance, including referral to the relevant scrutiny committee.

Wards Affected: (All Wards);

Contact: Appy Reddy, Head of Corporate Performance Email: Tel: 01432 383675.

Publication date: 23/11/2023

Date of decision: 23/11/2023

Effective from: 30/11/2023

Accompanying Documents:

  • Q2 Budget and Performance Report