Issue - meetings

This report sets out the projected outturn position for 2023/24 including any under/overspends and adjustments, along with requests to re-profile budgets to/from current and future years.

Recommended to Council:

                      i.         The adjustments resulting in a decrease in the 2023/24 budget of £16.013m as detailed in the report.

Resolved:

                     ii.         To note the 2023/24 revised budget of £119.723m as set out in paragraph 4 and Table 3;

                    iii.        To note the restated capital programme for 2023/24 – 2027/28 as set out in Annex A.

Reason:     To enable the effective management and monitoring

of the Council’s capital programme.

The Executive Member for Finance, Performance, Major Projects and Equalities confirmed that the Executive would reduce borrowing where they deemed it possible. She noted that borrowing to fund projects had placed pressures on the Council’s revenue budget and was therefore deferred to allow more use of the revenue budget in year.

Recommended:

                         i.         That Council agree to adjustments resulting in a decrease in the 2023/24 budget of £16.013m as detailed in the report.

Resolved:

                        ii.         To note the 2023/24 revised budget of £119.723m as set out in paragraph 4 and Table 3;

                      iii.         To note the restated capital programme for 2023/24 – 2027/28 as set out in Annex A.

Reason:     To enable the effective management and monitoring

of the Council’s capital programme.