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Decision details

Decision details

2023/24 Quarter 3 Finance Update

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

The report sets out a summary of the current financial position for the Council at the end of the third quarter of 2023/24 forecasting to the year end for members consideration.

Decision:

1.     That the current forecast underspend of £162,000 for 2023/24 and the detail set out within Appendix A be noted; and

 

2.     That the Capital Programme be approved to take into account the changes set out within Appendix A (Table 5a), with the removal of the following two rows as outlined below:

 

·       Multi Use Games Area (Controlling Migration Funding); and

·       Resurfacing & footpath improvements.

 

Reasons for the decision:

To ensure the Council’s forecast financial position for 2023/24 is considered and related decisions approved. It is important that the Cabinet are aware of the financial position of the General Fund to ensure that they can make informed decisions that are affordable and financially sustainable for the Council.

Alternative options considered:

To not approve the reserve movements outlined.

Report author: Christine Marshall

Publication date: 27/03/2024

Date of decision: 27/03/2024

Decided at meeting: 27/03/2024 - Cabinet

Accompanying Documents: