Decision details

General Fund Revenue Budget Monitoring Report - Month 5

Decision Maker: Executive

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes


Following consideration of the officer report, appendices and discussion, the Executive:??


a. Noted the forecast overspend of £27.3m (5.5%) for the year and the recovery actions being taken to address this.


b. Approved that it will continue to receive a monthly update on the financial position and actions being taken to address it. 


c. Noted that the format of the Budget Monitoring will be changed from month 6.


d. Approved a £0.3m budget virement from the Corporate Contingency budget to Strategic Asset Management to carry out the RAAC (Reinforced autoclaved aerated concrete) surveys.


ALTERNATIVE OPTIONS CONSIDERED: As set out in the officer report


REASON FOR DECISION: As set out in the officer report

Publication date: 08/11/2023

Date of decision: 08/11/2023

Decided at meeting: 08/11/2023 - Executive

Effective from: 14/11/2023

Accompanying Documents: