Decision details

That the current management position on the 2021/22 accounts be noted as follows:

(a)  The forecast General Fund revenue position for 2021/22 as at the end of May 2021 was a £6.907m overspend;

(b)  The emerging issues of £33.272m that together with the £6.907m made up the deficit position for 2021/22 of £40.179m as reported in the s114 Notice;

(c)  The progress towards the 2021/22 savings programme;

(d)  The work being done by all parties across the Council to verify the savings identified in the 21/22 budget and action being taken to mitigate the budget gap in the current financial year by 30/9/21;

(e)  The current forecast spend on Transformation to deliver savings;

(f)  The Housing Revenue Account (HRA) was forecast to spend to budget for 2021/22 as at the end of May 2021.

The update on the progress of successfully implementing the resolutions of the Cabinet from its meeting held on 15^th March 2021 in establishing Slough Children’s First was noted.