Purpose

The
Cabinet will be asked to consider the projected position of the
Council’s revenue and capital budgets for 2023/24 and, if
necessary, consider proposals for in-year adjustments aimed at
achieving a balanced budget position at the year end.

Content

The
Cabinet will be asked to consider the projected position of the
Council’s revenue and capital budgets for 2023/24 and, if
necessary, consider proposals for in-year adjustments aimed at
achieving a balanced budget position at the year end.

Cabinet resolved
to:
 
(i)  Note the
projected £11.037m revenue overspend forecast at Period 5 for
the General Fund for the 2023/24 financial year, as set out in
sections 2 and 3 and Appendix A of the report;
 
(ii)  Note the
projected £6.899m revenue overspend forecast for the Housing
Revenue Account, as set out in section 4 and Appendix A of the
report; and
 
(iii)  Note the projected
returns for the Investment and Acquisition Strategy as set out in
section 5 and Appendix A of the report.