Purpose

To provide an update on the Quarter 3 forecast
for the 2023/24 County Council’s Revenue and Capital
Budgets

Decision

Cllr Lynden Stowe provided an update on the Quarter 3 forecast
for the 2023/24 County Council’s Revenue and Capital
Budgets
 
Having considered all of the information, Cabinet noted the
report and
 
 
RESOLVED to:
 
1.
Note the forecast revenue year end position based on Quarter 3
forecasts for the 2023/24 financial year, which is an overspend of
£757k.
 
2.
Approve the revised drawdown of £2.892 million from the Pay
& Prices reserve for the 2023/24 pay award, as set out in
paragraph
 
3.
Note the forecast delivery of £16.328 million of savings
against a target of £21.101 million in 2023/24 or 77.38% of
target.
 
4.
Note the forecast capital year end position of £159.225
million against a current budget of £157.433
million.
 
5.
Approve an increase in the capital programme of £5.564
million as detailed in section C.
 
6. Note Section D Treasury
Management Prudential Indicators