Decision details

To note the forecast revenue out-turn position

RESOLVED:

1.  That the housing revenue account (HRA) forecast of an adverse variance of £10.1m be noted. 

2.  That the adverse variance of £24.2m forecast for the general fund (GF) in 2025-26 be noted.

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

·  Housing revenue account (paragraphs 13-26 of the report)

·  General fund (paragraphs 26-82 of the report)

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

·  Increased demand in adult’s and children’s social care (children’s and adult’s).

4.  That the update on the 2025-26 and 2026-27 departmental savings and transformational savings (paragraph 83-85 of the report) be noted.

5.  That the dedicated schools grant (DSG) in-year favourable variance of £0.075m be noted.