Purpose

To consider the
second quarter Revenue & Capital Monitoring forecast and to
consider any specific recommendations on the application of
resources in-year, including movements to and from reserves, as
required by financial procedure rules.

Content

RESOLVED –
 
1)   
That the forecast revenue outturn position at Quarter 2 for 2023/24
(£16.1m overspend), and the forecast year end position on the
Council’s reserves and balances (£47.4 Reserves, of
which £35.4m are Usable Reserves) be noted;
2)   
That the Quarter 2 forecast HRA position (£34k surplus) and
forecast year-end reserves position be noted;
3)   
That the Quarter 2 forecast capital monitoring position for 2023/24
in regard to Capital (£57.9m underspend) be noted;
4)   
That approval be given to the re-profiling of the 2023/24 capital
plan as set out in the slides appended to the considered
report;
5)   
That approval be given to £0.32m to purchase three highways
tipper vehicles with delivery expected before April 2024;
6)   
That the Quarter 2 treasury management prudential indicators be
noted.