1.
The
Cabinet accepted the report on the end of August 2023 review of the Revenue
Budget and considered the latest financial position regarding the budgets of
each department / service.
2. It was noted that the Adults,
Health and Well-being Department, the Education Department, the Highways,
Engineering and YGC Department and the Environment Department had significant
overspend projections this year, and in light of the exceptional overspend
projections by the Adults, Health and Well-being Department, the Cabinet
supported the Chief Executive's decision who has already commissioned work to
explain the complex details of the Adult care picture, in order to obtain a
better understanding of the issues and a clear response programme. The work
will be led by the Statutory Director of Social Services.
3.
A
transfer of £3,275k of underspend on Corporate budgets
to the Council's Financial Strategy Reserve was approved.