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*RESOLVED –
 
That it be recommended to Full
Council
 

1.  
That the draft General Fund Revenue, Capital Outturn
and Housing Revenue Account positions for 2023/24 be
noted.
 

2.  
That the proposal to transfer the General Fund
Revenue underspend of £204k to the Budget Risk Reserve to
mitigate the potential impacts of emerging risks and pressures in
2024/25 and future years (as detailed in paragraph 4.24 of the
officer’s report) be approved.
 

3.  
That the proposal to transfer any surplus from the
Business Rates Pool, over and above the budgeted £390k, to
the Business Rates Risk Reserve (as detailed in paragraph 4.17 of
the officer’s report) be approved.
 

4.  
That the receipt of £311k, in 2023/24, in
relation to a one-off non-business leisure VAT claim be noted and
the proposal to transfer the remaining balance (£211k) to the
Budget Risk Reserve (as detailed in paragraph 4.16 of the
officer’s report) be approved.
 

5.  
That the level of and movement in General Fund
Revenue Reserves and Provisions (as detailed in paragraphs 4.21 to
4.23 of the officer’s report) be approved.
 

6.  
That the General Fund Capital financing arrangements
detailed in Appendix A of the officer’s report be
approved.
 

7.  
That the accelerated use of capital receipts
flexibility of £159k to fund redundancy costs incurred in
2023/24 be approved and the 2024/25 provision for capital receipts
flexibility be reduced by a corresponding amount (as detailed in
paragraph 4.35 of the officer’s report).
 
REASONS FOR RECOMMENDATIONS
 

1.  
This report forms a key part of formal revenue and
capital monitoring against the approved 2023/24 budgets. The
information in this report will be incorporated into the published
Statement of Accounts 2023/24.
 

2.  
The approval of the budget outturn, in-year
movements and reserves are required by corporate financial
procedures.
 

3.  
To consider the reserves position given the
challenges facing the Council over the period of the Medium-Term
Financial Plan (MTFP).