Decision details
2023/24 General Fund Revenue Budget Monitoring Report - Outturn
Decision Maker: Executive
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
Decision:
Following consideration of the officer report, appendices and discussion, the Executive resolved to:
a) Note the underspend of £1.8m (0.3%) for the 2023/24 financial year which will be added to the General Fund balance.
b) Approve the draws and contributions to earmarked reserves set out in appendix 11.
c) Approve to release £0.7m of available earmarked reserves funding to the General Fund balance.
d) Agree to continue to receive monthly budget monitoring reports in 2024/25 which sets out the forecast outturn for the year with details of any mitigations and actions being taken to address any forecast variances.
e) Note that the Collection Fund outturn position is still being finalised. Any over/underspend will be funded from/contributed to reserves. Any material changes to the reserve position will be noted in a future report.
f) Approve the amendment to the Flexible Capital Receipts Strategy to include the Adult Social Care transformation programme, My Life, My Future (section 34/appendix 12).
Report author: Leah Green
Publication date: 03/09/2024
Date of decision: 02/09/2024
Decided at meeting: 02/09/2024 - Executive
Accompanying Documents:
- 2023-24 GF Budget Monitoring Executive Report - Outturn PDF 274 KB
- M12 Appendix 01 - Adult Services PDF 114 KB
- M12 Appendix 02 - Children, Families & Education Services PDF 375 KB
- M12 Appendix 03 - Community Services PDF 176 KB
- M12 Appendix 04 - Climate & Place (incl Accountable Bodies) PDF 224 KB
- M12 Appendix 05 - Strategy, Workforce and Localities PDF 89 KB
- M12 Appendix 06 - Resources & Corporate Services PDF 107 KB
- M12 Appendix 07 - Public Health PDF 52 KB
- M12 Appendix 08 - Other Service Areas PDF 138 KB
- M12 Appendix 09 - MTFP Savings Monitoring PDF 105 KB
- M12 Appendix 10 - Treasury Management PDF 53 KB
- M12 Appendix 11 - Use of Earmarked Reserves PDF 317 KB
- M12 Appendix 12 - 2023.24 Flexible Capital Receipts Strategy PDF 102 KB
- 2023-24 GF Budget Monitoring Executive Report - Outturn v2 PDF 206 KB
- M12 Appendix 05 - Strategy, Workforce and Localities v2 PDF 91 KB
- M12 Appendix 07 - Public Health v2 PDF 54 KB
- M12 Appendix 08 - Other Service Areas v2 PDF 141 KB