Decision details

To set out the current financial position for the Council at the end of the third quarter of 2023/24

DECISIONS:

1)    That Cabinet notes the forecast revenue position of a £340,000 overspend for 2023/24 as detailed in Table 1;

2)    That Cabinet notes the forecast revenue position of the HRA for 2023/24 (surplus of £1.598m) as detailed in Table 3a;

3)      That Cabinet approve an addition to the Capital Programme of £100,000 to support Parish Loan applications to be funded through internal borrowing.

RECOMMENDATIONS TO COUNCIL

4)    That Cabinet recommends to Full Council to amend the Capital Programme at Appendix A – Table 4 to take into account the changes set out in this report.

To ensure the Council’s forecast financial position for 2023/24 is considered and related decisions approved. It is important that the Cabinet are aware of the financial position of the General Fund to ensure that they can make informed decisions that are affordable and financially sustainable for the Council.

To not approve the reserve movements outlined.