Purpose

This report recommends that the outturn
position for 2023/24 and the Treasury Management  performance are noted. The report recommends
approval for carry forwards, the allocation of underspends,
variations or reprofiling of capital projects, new capital schemes
and new reserves.

Content

Cabinet:
 

1)            
Notes that the provisional General Fund outturn
position is an underspend of £2.268m and that this represents
an improvement of £1.789m compared to the projected and
planned resource position at Month 9 and taken into account when
setting the 2024/25 budget.

2)            
Notes the provisional outturn includes an
underspend of £0.281m on the NHS managed Section 75
services.

3)            
Approves General Fund carry forward requests
totalling £7.816m as detailed in Appendix 5 and assumed
within the provisional outturn.

4)            
Approves the proposed allocation of additional
resources as set out in paragraph 11.1.

5)            
Notes the provisional outturn for the separate
Housing Revenue Account (HRA), which is a break-even
position.

6)            
Notes the provisional outturn position for the
ring-fenced Dedicated Schools Grant, which is an underspend of
£1.275m.

7)            
Notes the provisional outturn position on the
Capital Programme which is an overspend variance of
£1.982m.

8)            
Approves the capital budget variations and
re-profiling requests set out in Appendix 7.

9)            
Approves the new capital schemes requested in
Appendix 8.

10)        
Approves the creation of the new reserve as set
out in paragraph 9.9 and new provision in paragraph
9.10.

11)        
Notes the Treasury Management end of year review
2023/24 as set out in Appendix 10.

12)        
Agrees that the allocation of £01.85m
resources held for investment in priority services or improvements
set out in Section 11 be delegated to the Cabinet Member for
Finance & Regeneration in consultation with the Leader of the
Council.