Content

8.1

This report brings the
Committee up to date with the Council’s outturn position for
2023/24 including the General Fund revenue position, Housing
Revenue Account, and Capital Programme Monitoring (Appendix 1). The
report also provides an update of the Council’s Treasury
Management activity (Appendix 2) and the Collection Fund Account
(Appendix 3).

 

 

8.2

RESOLVED
UNANIMOUSLY: That Finance
Committee:-
 

a)   
approves the virement of £700k from the Ward
Pots (£25k per ward) to the Local Area Committees
(LACs);
 

b)   
notes the updated information and management actions
provided by this report on the 2023/24 Revenue Budget Outturn as
described in this report;

c)    
notes the updated information and management actions
provided by this report on the Q1 2023/24 Capital Programme
Monitoring as described in Appendix 1;

d)   
notes the Treasury Management report for Q1 2023/24
as described in Appendix 2; and

e)   
notes the Collection Fund monitoring report for Q1
2023/24 as described in Appendix 3.

 

 

8.3

Reasons for Decision

 

 

8.3.1

To record formally
changes to the Revenue Budget and the Capital
Programme.

 

 

8.4

Alternatives Considered and Rejected

 

 

8.4.1

The Council is
required to both set a balance budget and to ensure that in-year
income and expenditure are balanced. No other alternatives were
considered.