Decision details

To note the forecast revenue out-turn position

RESOLVED:

1.  That the housing revenue account (HRA) forecast of an adverse variance of £8.2m be noted.

2.  That the adverse variance of £17.8m forecast for the general fund (GF) in 2024-25 be noted.

3.  That the key adverse variations and budget pressures and mitigating actions underlying the position be noted:

·  Housing revenue account (paragraphs 13-27 of the report)

·  General fund (paragraphs 28-80 of the report)

·  Demand pressures in temporary accommodation (TA) (housing)

·  Increased costs for those who have ‘No Recourse to Public Funds’ (NRPF) (environment, sustainability and leisure) 

·  Increased demand for adult care packages and increased placement costs for children with complex needs and a shortage of available foster placements (children’s and adults)

·  Planning and growth – less than expected income and cost of maintaining void properties in the general fund (resources)

·  Customer services – additional resources into the contact centre to address capacity issues (resources).

4.  The dedicated schools grant (DSG) in-year pressure of £0.8m be noted.