Purpose

To consider an update on the Council’s Medium Term
Financial position and outlook, including the provisional revenue
outturn for 2023/24 including use of reserves, the provisional
capital outturn and an update of the capital
programme.

Content

RESOLVED –
 
(i)           
THAT the update on the Council’s Medium Term Financial
Strategy and the Council’s medium term financial position,
summarised in paragraphs 2.2 to 2.3 of the report, be
noted;
 
(ii)         
THAT the impact of inflation and the cost-of-living emergency
on the borough and the steps being taken to help support residents
detailed in paragraphs 2.5 and 2.17 of the report be
noted;
 
(iii)        
THAT the revised Capital Programme, funding and capital
receipts targets summarised and presented in paragraphs 2.37 to
2.40 and Appendix B of the report be
agreed;
 
(iv)        
THAT the additions to the capital programme in paragraphs
2.42 to 2.68 of the report, including the delegations of authority
set out in paragraph 2.53 to the Executive Director Corporate
Services and Director of Development respectively for the capital
investment summarised in paragraphs 2.51 to 2.53 of the report, be
agreed;
 
(v)         
THAT the recommended additional fee detailed in paragraphs
2.31 to 2.36 of the report be agreed;
 
(vi)        
THAT the 2023/24 General Fund & Housing Revenue Account
revenue and outturn positions set out in paragraphs 2.18 to 2.23 of
the report and the capital outturn in paragraph 2.41 be noted;
and
 
(vii)       
THAT the allocations to and from earmarked reserves, as set
out in paragraphs 2.24 to 2.30 and Appendix A of the report, be
agreed for inclusion in the Statement of Accounts.