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The Executive considered a report in respect
of the First Quarter Revenue Budget Monitoring 2023/24.
 
It was RESOLVED:
 
General Fund
 
1.         
That the 2023/24 First Quarter projected net
decrease in General Fund expenditure of £273,020 be
approved.

 
2.         
That it be noted that the cumulative changes made to
the General Fund net budget remains within the £400,000
increase variation limit delegated to the Executive.
 
3.         
That the proposed movement on reserves, as detailed
in Paragraph 4.2.1 of the report, be noted.
 
Housing Revenue
Account (HRA)
 
4.         
That the 2023/24 First Quarter projected net
pressure in HRA expenditure of £154,510 be
approved.

 
5.         
That two budget virements totalling £450,000, from planned
maintenance budgets, to fund the proposed fencing works as detailed
in Paragraph 4.5.9 of the report, be approved.
 
6.         
That the existing backlog of fencing works be
prioritised to be completed and new fencing repairs be added to a
waiting list, unless they relate to emergency repairs and those
creating a health and safety risk, which will be dealt with
immediately, with all other repairs being completed in order of
date raised.
 
7.         
That a budget virement of £238,000 from revenue contributions
to capital, for void property repair costs, be approved, as
detailed at Paragraph 4.5.6 of the report.
 
8.         
That it be noted that the cumulative increases made
to the HRA net budget remain within the £400,000 variation
limit delegated to the Executive in the January 2023 budget
report.
 
Reason for Decision:  As contained in
report.
Other Options considered:  As
contained in report.