Purpose

This report provides Cabinet with the 2023/24
outturn position for the General Fund, Housing Revenue Account,
Dedicated Schools Grant and Capital budgets.

Content

RESOLVED:
 
That Cabinet:
 

    
I.       
Noted the General Fund revenue budget outturn
surplus of £1.670m, a net underspend of 0.58% for 2023/24
(section 4), and an overspend of £3.678m on the Housing
Revenue Account (HRA) for 2023/24 (section 6).

   
II.       
Noted the transfer of the net underspend balance of
£1.670m to the General Fund balance (section 8).

 
III.       
Noted the year end Dedicated Schools Grant (DSG)
deficit of £1.854m within the DSG account (section 5), the
High Needs block ended the year with a £2.227m deficit with
Early Years and School Block with a surplus.

 
IV.       
Noted the HRA balance as at 31 March 2024 of £4.925m and earmarked
reserves of £8.632m (section 6).

  
V.       
Noted the 2023/24 capital programme outturn
underspend of £1.301m (0.63%) (paragraph 7.3 and
7.5.1).

 
VI.       
Approved the decommissioning of £1.243m of
capital schemes from the capital programme (paragraph
7.6).

VII.       
Approved the re-profiling of 2023/24 capital
programme schemes in excess of
£1m, of £33.997m (Appendix 2) into future
years.

VIII.       
Approved an additional capital programme budget of
£0.960m in relation to purchasing properties to be used for
Temporary Accommodation, to be fully funded from grant (paragraph
7.7).
 
 
REASON FOR DECISION AND OPTIONS CONSIDERED:
 
The report outlined the
council’s outturn position on revenue, capital, income and expenditure for 2023/24.