Purpose

To consider the Council’s financial
forecast outturn position for Quarter 2 2023/24 and amendments to
the Capital Programme.

Content

RESOLVED:
1.            
That the GFRA forecast
outturn of £2.155m against budget
be noted, together with the management actions set out at Annex
A of this report.

2.            
That GFRA savings of
£7.541m savings are forecast to
be achieved (96% of budget) be noted, which is set out in Annex
B of this report.

3.            
That the forecast outturn for the HRA is an underspend of (£2.662m), 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.

4.            
That the DSG forecast
surplus carry forward of £4.646m
be noted, together with the management actions set out at Annex
D of this report.

5.            
That the reserves position as detailed in Annex E are noted.

6.            
That the forecast outturn on the 2023/24 Capital
Programme is an overspend of £0.823m after proposed
slippage of £30.580m and
acceleration of budget of £27.199m as detailed in
Annex F of this report be noted.

7.            
That the forecast outturn position of the 2023/24
tariff programme as detailed in Annex G be noted.

8.            
That the debt position of the Council at the end of
quarter 2 as detailed in Annex H are noted.

9.            
That the Write-off of an unrecoverable debts that
exceeds £50,000 as detailed in Annex H are
approved.

10.       
That the Treasury Management report including
prudential indicators, as detailed in Annex I are
noted.

11.       
That the virements to the original budget as
detailed in Annex J are approved.

12.       
That the current position on the Collection Fund as
detailed in Annex K are noted.

13.       
That the procurement waiver decisions as detailed in
Annex L are noted.

14.       
Cabinet approves the new budget allocations and
approves the release of funding totalling £1.541m for new Capital Schemes set out in Annex
M.

15.       
That the additions and amendments to the Tariff
Programme are detailed in Annex N be approved.