Issue - decisions

Q2 Financial Outturn 23/24

12/12/2023 - 2023/24 Quarter Two Finance update

DECISION:

 

1)    That Cabinet notes the forecast revenue position of a £338,000 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 £1.620m) as detailed in Table 3a.

 

3)    That Cabinet approves the amendment to the HRA Capital Programme at Appendix A – Table 7 to take into account the changes set out in the report.

 

RECOMMENDATION TO COUNCIL:

4)    That Cabinet refers to Full Council the approval of the use of New Homes Bonus (NHB) from reserves of £300,000 to alleviate in year budget pressures.

 

5)    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.