Purpose

To consider the Council’s financial
forecast outturn position for Quarter 3 2023/24 and amendments to
the Capital Programme.

Content

RESOLVED:

1.1    That the GFRA forecast
outturn of £1.091m against budget be noted, together with the
management actions set out at Annex A of this report.

1.2    That GFRA savings of
£7.886m savings are forecast to be achieved (93% of budget)
be noted, which is set out in Annex B of this report.

1.3    That the forecast outturn
for the HRA is an underspend of (£1.908m), which has been
offset through an increase in the transfer to reserves be noted,
together with the management actions set out at Annex C of this
report.

1.4    That the DSG forecast
surplus carry forward of £6.133m be noted, together with the
management actions set out at Annex D of this report.

1.5    That the reserves position
as detailed in Annex E are noted.

1.6    That the forecast
outturn on the 2023/24 Capital Programme is an overspend of
£4.151m after proposed slippage of £41.345m and
acceleration of budget of £27.199m as detailed in Annex F of
this report be noted.

1.7    That the forecast outturn
position of the 2023/24 tariff programme as detailed in Annex G be
noted.

1.8    That the debt position of
the Council at the end of quarter 3 as detailed in Annex H are
noted.

1.9    That the Write-off of three
debts that are an unrecoverable which exceed £50,000 as
detailed in Annex H are approved.

1.10 That the Treasury Management report including prudential
indicators, as detailed in Annex I are noted.

1.11 That the virements to the original budget as detailed in Annex
J are approved.

1.12 That the current position on the Collection Fund as detailed
in Annex K are noted.

1.13 That the procurement waiver decisions as detailed in Annex L
are noted.

1.14 Cabinet approves the new budget allocations and approves the
release of funding totalling £0.073m for new Capital Schemes
set out in Annex M.

1.15 That the additions and amendments to the Tariff Programme are
detailed in Annex N be approved.