Issue - meetings

To consider the report of the Cabinet Member for Finance and Corporate Services detailing an update on the Council's financial position for 2024/25.

Decision made: (CAB 24/25 47735)

On consideration of the report of the Cabinet Member for Finance and Corporate Services, Cabinet approved the following:

i)  To agree the £3.51M adjustments to be made to directorate budgets to reflect sustained favourable variances reported at month 9 of 2024/25 due to transformation and other measures, to be transferred to centrally held contingency to reduce the reliance on Exceptional Financial Support (EFS), as set out in paragraph 6.

ii)  Agree to use £0.68M of centrally held contingency to meet the forecast overspend for emergency accommodation within Resident Services, as set out in paragraph 8.