Decision details
2023/24 Quarter One Finance update
PDF 135 KBDecision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To set out a summary of the current financial
position for the Council at the end of the first quarter of 2023/24
for members consideration.
Decision:
DECISION:
1) That the report, current projected overspend of £353,000, and the related detail set out in Appendix A be noted.
RECOMMENDATION TO COUNCIL:
2) To amend the Capital Programme to take into account the changes set out in this report at Appendix A – Table 4 (General Fund) and Table 7 (HRA)
Reasons for the decision:
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.
Alternative options considered:
To not approve the reserve movements outlined.
Interests and Nature of Interests Declared:
None
Wards Affected: (All Wards);
Conflict of Interest: None
Dispensation Granted: None
Contact: Forrest White, Democratic Services Officer Email: FWhite@sholland.gov.uk.
Report author: Forrest White
Publication date: 05/10/2023
Date of decision: 26/09/2023
Decided at meeting: 26/09/2023 - Cabinet
Effective from: 13/10/2023
Accompanying Documents: