Decision details

RESOLVED:

1.    That Cabinet notes the risks and opportunities identified in relation to the Council’s budget position for the year.

2.    That Cabinet approves the increase in the net revenue budget to £1,208.4m due to the additional funding announced as part of the Final Local Government Finance Settlement (paragraphs 14-16).

3.    That Cabinet allocates up to £8m of Council reserves to fund the Adults, Wellbeing & Health Partnerships transformation & improvement programme over the period 2024/25 to 2026/27, as set out in paragraphs 19–21.

Reasons for Decisions:

This report is to comply with the agreed policy of providing a monthly budget monitoring report to Cabinet for approval of any necessary actions.

(The decisions on this item can be called in by the Resources and Performance Select Committee)