Purpose

To approve a number of budget savings in
advance of the 2024/25 budget.

Decision

To approve the
reductions to budgets described in Appendix A and delegate
authority to the Director of Finance to determine the specific
budget ceilings affected; and for the in-year underspend to be
transferred to the Managed Reserve Strategy.
 
Please
Note:  This decision was Called-In
under Rule 12 of Part 4D of the Council’s
Constitution.  The Call-In was
considered by the Overview Select Committee at its meeting on 14
December 2023 where it was withdrawn by resolution of
the Committee in accordance with Rule 12 (g) of Part 4D of the
Council’s Constitution.  The
original decision taken on 24 November 2023 is, therefore, deemed
to be revived in its entirety.

Reasons for the decision

The City Mayor and
Overview Select Committee receive a report on the forecast revenue
budget position regularly throughout the year. This savings report
reflects decisions taken by directors and will allow budget
ceilings to be amended and reflected in the budget for 2024/25.