Issue - meetings

This report sets out the projected 2024/25 financial position and the performance position for the period covering 1 April 2024 to 30 September 2024.

Resolved:

                   i.        Noted the finance and performance information.

                  ii.        Noted that work will continue on identifying the savings needed to fully mitigate the forecast overspend.

                 iii.        Agreed the annual Garden Waste Subscription Scheme charge for 2025/26 at £49.

Reason:    To ensure expenditure is kept within the approved budget.

The Chief Finance Officer outlined that there had been an improvement in the Council’s forecast overspend. She noted that cost controls remained in place to tackle the Council’s forecasted overspend as the Council continued to tackle high levels of demand and complexity in areas such as care.

The Executive Deputy Leader stated that the Council had made significant progress to stabilise the Council’s finances, since the 2023 local elections and thanked officers across the Council for there work. He also thanked people across the city for supporting the Council through partnerships and external funding.

The Executive Leader highlighted the Council’s performance to deliver on Council Plan, including the launch of new domestic abuse strategy, the construction skills initiative, and fourth best smoking quitting rate, as well as, delivering 100% affordable housing on Council owned land.

Resolved:

                      i.         Noted the finance and performance information.

                    ii.         Noted that work will continue on identifying the savings needed to fully mitigate the forecast overspend.

                   iii.         Agreed the annual Garden Waste Subscription Scheme charge for 2025/26 at £49.

Reason:    To ensure expenditure is kept within the approved budget.