Agenda item

AGREED      that:

a)            the final outturn of revenue and capital spending for 2023/24 be noted;

b)            the variation to the capital programme, as set out in paragraph 1.15 and 1.16 be approved;

c)             the capital financing proposals as set out in paragraph 1.20 be approved;

d)            Capital Programme reprofiling of £13.588m carried forward into 2024/25 as per appendices E and F;

e)            the movement in Provisions and Impaired Estimates on Debtors be noted;

f)              the creations of the new reserves, as outlined in paragraph 1.27, be approved; and

g)             the individual contributions to, and withdrawals from, the revenue and capital Usable Reserves be noted.

The Business Manager – Financial Services, was in attendance to present the provisional 2023/24 financial outturn position on the Council’s revenue and capital budgets, including: General Fund Revenue; Housing Revenue Account; Capital Programme; Provisions and Impaired Estimates on Debtors; Usable Reserves; and Collection Fund.

The report detailed a summary of actual income and expenditure compared to the revised budget and how any surpluses/deficits have been allocated to/from reserves. Members considered the report and welcomed the Council’s financial position.

AGREED (unanimously) that:

a)       the final outturn of revenue and capital spending for 2023/24 be noted;

b)       the variation to the capital programme, as set out in paragraph 1.15 and 1.16 be approved;

c)       the capital financing proposals as set out in paragraph 1.20 be approved;

d)      Capital Programme reprofiling of £13.588m carried forward into 2024/25 as per appendices E and F;

e)       the movement in Provisions and Impaired Estimates on Debtors be noted;

f)        the creation of the new reserves, as outlined in paragraph 1.27, be approved; and

g)     the individual contributions to, and withdrawals from, the revenue and capital Usable Reserves be noted.

Reasons for Decision:

To consider the provisional 2023/24 financial outturn position on the Council’s revenue and capital budgets.

Options considered:

Not applicable.