That: Cabinet

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

b) Note the forecast revenue outturn position at Quarter 1 2023/24 of a £13.5 million overspend, before management action, and the potential impact of this overspend on the council’s reserves;

c) Note the management action already identified to reduce the forecast outturn position for 2023/24 to £9.5 million;

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

e) Agree to receive a monthly update to monitor the forecast revenue outturn position and actions being taken to address it;

f) 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

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