Purpose

To report any adjustments to the in-year budget

Decision

RESOLVED

KEY DECISION

That the Executive:

a)    Noted the Council’s forecast outturn position for 2023/24 as summarised in Section 4, alongside the further analysis, risks and other considerations as set out in Section 5 to Section 7 of the report.

b)    Noted the assessment of the current deliverability of the 2023/24 savings proposals in Appendix A.

c)    Approved an increase in the gross budget of £984k to support the delivery of the government’s wider commitment to level up all parts of the UK to be funded from the UK Shared Prosperity Fund (UKSPF) grant of £984k as set out in paragraph 5.69.

d)    Approved an increase in the gross budget of £1.919m to provide additional support to adult social care, to be funded from the Market Sustainability and Improvement Fund as set out in paragraph 5.70.

Reason for Recommendations – to note the forecast financial position for 2023/24 as at Period 3 and consider the impact on this year and future years budgets.

Alternative Options Considered: The report focuses on the forecast revenue outturn against budget for 2023/24 and makes recommendations for the Executive to note the current budgetary position as such there are no specific choices within the report.