Agenda item

The Committee considered the report the Business Manager - Financial Services, which sought to provide the provisional financial outturn position for 2023/24 on the Council’s revenue and capital budgets.  The information contained in the report included: general fund revenue; housing revenue account; capital programme; provisions and impaired estimates on debtors, usable reserves and collection fund. The report provided a summary of actual income and expenditure compared to the revised budget and how any surpluses/deficits that had been allocated to or from reserves.

The accounts showed a favourable variance of £0.252m on service budgets, with a total favourable variance of £0.989m which was broken down in the report.

AGREED      (unanimously) that the Policy & Performance Improvement Committee note:

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

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

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

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

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

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

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