This report provides an update to Cabinet on the county council's 2024/25 revenue and capital financial position, as at the end of Quarter 3.
The forecast outturn position is an overspend of £12.737m which is a reduction of £4.338m from the position predicted at Quarter 2 following further mitigating actions. Actions are continuing throughout Quarter 4 to try to further improve the position.
The forecast outturn for capital delivery programme for 2024/25 is £200.697m which is an underspend of £2.542m (1.25%) on the planned programme.
Decision type: Non-key
Decision status: Recommendations Approved
Divisions affected: (All Divisions);
Notice of proposed decision first published: 06/02/2025
Anticipated restriction: Part I -
Decision due: 6 Feb 2025 by Cabinet
Lead member: Cabinet Member for Resources, HR and Property (Deputy Leader)
Lead director: Director of Finance and Commerce
Department: Finance and Commerce
Contact: Kate Lee Email: kate.lee@lancashire.gov.uk Tel: 01772 531733.