Decision details

It is RECOMMENDED that Cabinet:

(a)        Supports the update of the plan to deliver a balanced budget for 2023/24 and the testing of the implementation process;

(b)        Recognises the continued improvement to the in-year position with a surplus of £8.5m now projected; and

(c)        Acknowledges that further proposals have been identified to replace any proposals that cannot now be delivered, or which have been deferred into a future year.

It is RECOMMENDED that Council:

(d)       Approves the disposal of Non-Strategic Asset Sales as set out in confidential appendix A, subject to achieving the estimated sales value for each lot, with the decision delegated to the Director of Finance, in consultation with the Leader or Deputy Leader of the Council as appropriate; and

(e)       Approves a pooled budget arrangement in relation to section 117 Aftercare as set out in appendix B.

Voting: Unanimous

Portfolio Holder: Leader of the Council

Reason

Further to a recommendation agreed by Cabinet on the 7 September 2022, an update on the Councils financial strategy will be a standing item on the Cabinet agenda until such time as a balanced budget for 2023/24 has been delivered.