Purpose

To consider a joint report of the Deputy Chief Executive (Section 151 Officer) and Cabinet
Member for Finance & Resources.
The report provides an update on the revenue budget forecast outturn for the period to the
end of July 2023 (Quarter 1+) and also provides an update on the Dedicated Schools
Grant, Housing Revenue Account (HRA) and updates to the Capital Programme

Decision

The Cabinet has considered an update on the revenue budget forecast outturn for the period to the end of July 2023 (Quarter 1+) which included an update on the Dedicated Schools Grant, Housing Revenue Account (HRA) and updates to the Capital Programme, and has:-

(1)  Approved the virements to the Revenue Budget.

(2)  Noted the Cash Limit and Non-Cash Limit forecast outturn positions for 2023/24 as at Quarter 1+.

(3)  Noted the update on Reserves.

(4)  Noted the DSG and HRA forecast outturn positions for 2023/24 as at Quarter 1+.

(5)  Noted the forecast position for the 2023/24 Capital Programme.

(6)  Noted the changes to the Capital Programme and re-phasing of schemes during Quarter 1+.

(7)  Noted the 2023/24 Capital Programme Prudential Indicators.

(8)  Approved the debt write off as detailed in appendix 2.