URL: https://moderngov.southwark.gov.uk/ieDecisionDetails.aspx?ID=8238

Decision Maker: Cabinet

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: To note the forecast revenue out-turn position

Content: To note the forecast revenue out-turn position RESOLVED:   1.  That the housing revenue account (HRA) forecast of an adverse variance of £8.2m be noted. 2.  That the adverse variance of £17.8m forecast for the general fund (GF) in 2024-25 be noted. 3.  That the key adverse variations and budget pressures and mitigating actions underlying the position be noted: ·  Housing revenue account (paragraphs 13-27 of the report) ·  General fund (paragraphs 28-80 of the report) ·  Demand pressures in temporary accommodation (TA) (housing) ·  Increased costs for those who have ‘No Recourse to Public Funds’ (NRPF) (environment, sustainability and leisure)  ·  Increased demand for adult care packages and increased placement costs for children with complex needs and a shortage of available foster placements (children’s and adults) ·  Planning and growth – less than expected income and cost of maintaining void properties in the general fund (resources) ·  Customer services – additional resources into the contact centre to address capacity issues (resources). 4.  The dedicated schools grant (DSG) in-year pressure of £0.8m be noted.

Date of Decision: January 7, 2025