Content

Cabinet received a report on the revenue
outturn position for the financial year 2023-24 which outlined the
main variances from the original budget for both the General Fund
(GF) and Housing Revenue Account (HRA).
 
DECISION TAKEN:
 
Cabinet:

a) 
Noted the revenue outturn position for 2023/24 and the position of
debts;

b) 
Approved the movements on earmarked reserves; and

c)  
Delegated authority to the Section 151 Officer to adjust the
2024/25 budget for items of income and expenditure rolled forward
through earmarked reserves.

 
REASON FOR
DECISION:
There was a favourable
variance on the General Fund net cost of services of
£0.778m
 
A summary showing the
General Fund position was contained in Appendix A1 of the report.
After additional earmarked reserve movements of £4.810m
(Appendix A2) and other variances of £4.634, this left a net
favourable change of £0.601m in the General Fund Reserve.
 
The closing balance on
the Housing Revenue Account is £2.952m, which was an adverse
movement of £0.054m from the Current Budget (Section
4).   Outstanding debts as
at 31 March 2024 total £2.124m,
with rolling debtor days at 56.84 (Section 5).