The council filed a Section 114 notice in response to a predicted £23 million in-year budget overspend.
“At the halfway point of the year, the council is forecasting a gross General Fund pressure of circa £57 million which is partly being mitigated from one-off in-year management and corrective actions,” the council said.
The corrective actions referred to include the use of previously approved reserves. These are expected to reduce the “net forecasted pressure” for the year to around the aforementioned £23 million overspend.
“This situation has led the council’s corporate director for finance and resources and Section 151 officer, Ross Brown, to issue a Section 114(3) report to all councillors today,” the council’s statement…
