Issue details

Q3 Budget Report

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 or potential under-performance are understood and are being addressed to the cabinet’s satisfaction. The forecast 2023/24 outturn shows a net overspend of £10.7 million at Quarter 3.

Decision type: Non-key

Decision status: For Determination

Wards affected: (All Wards);

Notice of proposed decision first published: 19/01/2024

Decision due: 29 February 2024 by Cabinet

Lead member: Cabinet member finance and corporate services

Lead director: Director of Resources and Assurance

Department: Corporate Support Centre

Contact: Rachael Hart, Head of Strategic Finance Email: Rachael.Hart@herefordshire.gov.uk Tel: 01432 383775.

Agenda items

Documents

  • Q3 Budget Report