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RESOLVED –
 

1.              
That Cabinet noted the for the outturn position in
respect of the 2023-24 financial year.
 

2.              
That Cabinet approve the proposed carry forward of
capital budgets detailed in Appendix 4 totalling
£17.193m.
 
REASONS FOR DECISION –
During 2023/24 the Council managed its budget
effectively securing a favourable financial position on net cost of
services of £0.525m underspend despite a continuing
challenging financial backdrop. This underspend has meant that
rather than having to call on reserves it has been possible to
make a contribution of £0.244m to
the Resilience reserve at outturn from efficiencies identified
during the year.
 
OTHER OPTIONS CONSIDERED AND REJECTED
- The financial
outturn report for 2023/24 is primarily a factual report detailing
the actual position compared to previously approved budgets
therefore there are no alternative options that need to be
considered.
 
Please note
that this was not a Key Decision and so can be implemented with
immediate effect by officers.