Content

Decision taken
Cabinet noted the revenue forecast outturn
position as of Q1 and the position on debts in section 5 of the
report.
 
Cabinet approved the virements set out in
Section 4.1.3 of the report.
 
Reason for decision
The report presented the forecast revenue
outturn position as at 30 June 2024 for
the financial year 2024/25 and outlined the main variances from the
original budget for the General Fund (GF) and Housing Revenue
Account (HRA).
 
There is a forecast adverse variance on the
General Fund net controllable income and expenditure of
£0.731m. A summary showing the General Fund position was
included in Appendix A1 of the report. This left a net contribution
from the General Fund Reserve of £0.633m which is an increase
in the planned use of balances by £0.625m
 
The forecast closing balance on the HRA was
£3.207m, which was an adverse movement of £0.069m from
the Current Budget.
 
Outstanding debts as of 30 June 2024 total
£1.88m.