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.