Issue details
Q2 2024/25 Budget Report
To report the forecast position for 2024/25 at Quarter 2 (September 2024), including explanation and analysis of the drivers for the material budget variances, and to 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 2024/25 outturn shows a net overspend of £10.2 million at Quarter 2, before management action estimated at £8.2 million to reduce the forecast overspend to £2.0 million
Decision type: Non-key
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 08/11/2024
Decision due: 28 November 2024 by Cabinet
Lead member: Cabinet member finance and corporate services
Lead director: Director of Finance
Department: Corporate Support Centre
Contact: Rachael Sanders, Director of Finance Email: Rachael.sanders@herefordshire.gov.uk Tel: 01432 383775.
Decisions
- 28/11/2024 - Q2 2024/25 Budget Report
Agenda items
- 28/11/2024 - Cabinet Q2 2024/25 Budget Report 28/11/2024
Documents
- Q2 2024/25 Budget Report