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*RESOLVED –
 

1.  
That the forecast position of the General Fund
Revenue Account at the close of period 3 for the financial year
2023/24 be noted.
 

2.  
To support the strategy for achieving a balanced
budget outturn position for the financial year 2023/24.
 

3.  
That the General Fund Capital Programme expenditure
forecast at the close of period 3, for the financial year 2023/24
be noted.
 
REASONS FOR DECISIONS
 

1.  
This periodic monitoring report
summarises the current assessment of the Council’s forecast
outturn and sets out the active management mitigations to be
progressed to balance the 2023/24 budget. It also provides a robust
basis for medium term financial planning.
 

2.  
This is the first formal monitoring
report for the 2023/24 financial year and comes at a time when the
Council is experiencing financial pressures due to the current
economic situation, cost and pay inflation and the ongoing impact
of the Covid-19 pandemic.