Purpose

To note the outturn position for the year and
approve earmarked reserves.

Decision

RESOLVED that
 
i.      
the
outturn expenditure for 2023/24, subject to audit, of
£90.512m is noted, which represents an overspend of
£1.225m compared with the approved budget.

 
ii.    
the
earmarked reserves as set out in Annexe C are approved.
 
iii.   
the
virements relating to the 2023/24 budget (see Annexe D) are
approved
 
 
RECOMMENDED that Council note the
Treasury Management performance in 2023/24 as set out in Annexe
B.

Reasons for the decision

The
recommendations are intended to inform the Executive of financial
performance
against budget in the 2023/24
financial year.

Alternative options considered

The
report sets out the Council’s actual financial performance in
2023/24 and the
consideration of options is not
therefore appropriate.